Brief: S Immo Acquires Office Properties In Budapest

Cpi Property SA

08/11/2022 11:18

Nov 8 (Reuters) - S IMMO AG  SIAG.VI :
    * ACQUIRES OFFICE PROPERTIES IN BUDAPEST FROM CPI PROPERTY
GROUP
    * PURCHASE IS EXPECTED TO INCREASE ANNUAL RENTAL INCOME BY
AROUND
EUR 16M
    * IS ACQUIRING 8 PROPERTIES AND ONE PLOT OF LAND (GATEWAY
OFFICE
PARK, ARENA CORNER, ANDRÁSSY PALACE AND FIVE-PART BC99 OFFICE
PARK) FROM CPI PROPERTY GROUP IN HUNGARIAN CAPITAL
    * EXCELLENTLY MANAGED BUILDINGS COMPRISE A TOTAL LETTABLE
AREA OF
AROUND 109,000 M² AND ARE IN OUTSTANDING CONDITION
    * TRANSACTION VOLUME AMOUNTS TO EUR 238.3M

Source text for Eikon:  ID:nPex7Dvp4a 
Further company coverage:  SIAG.VI 
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