CBRE to manage M7's new Hungarian portfolio
The Budapest office of CBRE has been appointed property manager and leasing agent of M7 Real Estate’s new Hungarian property portfolio. M7 Real Estate has acquired two retail centres, the Atom Center in Paks and Csillagvár in Budapest, and the Acélforma industrial hall in Dunaharaszti. The British investor has commissioned CBRE with the management and leasing of almost 22,000 sqm of GLA.
M7 Real Estate owns 4 million sqm of commercial real estate across Europe, having most of its assets in the UK, the Netherlands and Germany. It has recently begun its Central and Eastern European expansion and is planning to acquire additional properties after last year’s entry into the Hungarian market.
“In the next period we will focus on making both the Atom Center in Paks and the Csillagvár retail center in Óbuda attractive for both the tenants and visitors,” said Zsolt Kákosy MRICS, MBA, Head of Asset Services at CBRE.
CBRE’s industrial team will manage the leasing of the 12,000 sqm Acélforma industrial hall in Dunaharaszti, while the four senior experts in the retail leasing team will be responsible for lettings in Atom Center and Csillagvár.