We are thrilled to announce that at the end of December 2024, iO Partners had the privilege of advising Generali Real Estate, acting on behalf of Generali Immobilien GmbH on the successful sale of Váci Utca Center to Recorde Forestay Highstreet Hotel & Residence Real Estate Fund. As the principal investor and developer of the project, Forestay Group will redevelop the property into an accommodation asset. The purchaser's fund manager is Recorde Asset Management. Built in 1997, Váci Utca Center is a first-generation office building offering approximately 10,200 sq m across ground floor and seven upper levels. Strategically positioned at the gateway to downtown Budapest, the building sits at the start of the city’s iconic pedestrian street, Váci utca, within proximity to major tourist attractions and key amenities. Congratulations to all parties involved! We are eager to see how Váci Utca Center evolves under its new ownership. #RealEstate #OfficeInvestment #Budapest #iOPartners #CapitalMarkets
Gratulálok, szuperek vagytok! 🥳
Gratulálok nektek Rita Tuza Gábor Zeller 🥳🥳
Congrats!
Congrats to all involved - great location, great opportunity!👏
Bravo 🎉
Facility Manager at Prologis
2moGratulálok Gábor Zeller! Örülök, hogy támogathattalak benneteket, jó kis projekt volt!