by Property Forum | Investment

MCAP Global Finance, the London-based subsidiary of global investment manager Marathon Asset Management, has acquired the Népliget Center office building in Budapest on behalf of its funds and managed accounts. The transaction price has not been disclosed. The buyer was advised by Lodge & Partners, which will oversee the local asset management of the building.

Developed by Skanska, the centre, located close to the Népliget metro station, offers 28,300 sqm of Class A office space and a car park with 450 spaces. Tenants include Ericsson, DHL, Philips, and the Hungarian National Railway.
“This is an excellent asset with good property fundamentals including exceptional access to Budapest’s public transportation network. As part of our business plan we aim to optimise the building and have identified opportunities to further enhance our current and future high-quality tenant occupation”, commented Klaus Schmid, Director at MCAP Global Finance.
Photo: MTI / Csaba Jászai