![News Article Budapest Diófa Hungary industrial investment logistics WING](https://cdn.property-forum.eu//image/articles/550/1500/dup-225.jpg)
Diófa Asset Management has purchased the South Pest Business Park from Wing Zrt. The new owner is Magyar Posta Takarék Property Investment Fund, which is Hungary's second largest domestic open-ended fund. The city logistics scheme, located in the 9th district, is 90% occupied. The South Pest Business Park was transacted for app. €29.1 million (HUF9 billion).
The 34,400 sqm city logistics property includes 22,900 sqm of warehouse area. It was developed by Wing between 2005 and 2013.
By representing one open-ended and three private real estate funds, Diófa Asset Management transacted a total of €320 million in three years. Its 270,000 sqm property portfolio is currently 95% occupied.