Fidelidade acquires office building in Budapest

Fidelidade – Companhia de Seguros, S.A. (“Fidelidade”), a leading Portuguese insurance company, acquired BC 140, a multi-tenant office building in Budapest, Hungary, through its real estate investment arm, Fidelidade Property. The asset was acquired from a fund managed by DWS, one of the world’s leading asset managers.

With 16,270 sqm spanning over 8 floors, BC 140 is located in Váci út., integrated into one of the most dynamic and prominent office submarkets in Budapest, with a strong presence from international tenants. The building has excellent accessibilities and is served by a wide array of public transportation.

This transaction aims to add another source of long-term stable income to Fidelidade’s real estate portfolio, in line with the company’s investment policy.