Revetas Capital announced the successful completion of the disposal of the Park Center Hungary portfolio to Gránit Asset Management, acting on behalf of the Magyar Posta Takarék Real Estate Investment Fund, marking the conclusion of a long‑term value‑creation strategy initiated with the acquisition of the assets through a restructuring process in 2013. The closing follows the signing of the sale and purchase agreement in December 2025 and the receipt of all customary regulatory approvals, including clearance from the Hungarian Competition Authority.
Over more than a decade, Revetas delivered a comprehensive repositioning of the Park Center portfolio – a geographically diverse set of 12 retail assets comprising eight retail parks and four single‑tenant units totalling approximately 45,000 sqm across key regional cities in Hungary.
During the hold period, Revetas implemented targeted capital investment, improved operational performance, strengthened tenant mix, and achieved near‑full occupancy supported by long‑term tenancy and resilient income streams. This hands‑on approach transformed a complex, multi‑asset situation into a stabilised, institutional‑grade portfolio.
Vlad Dragoescu, Partner and CEE Head of Portfolio Management, Revetas Capital: “The successful exit of Park Center Hungary reinforces Revetas’ competence in creating long‑term value from special situations. Since assuming stewardship of the assets, we have worked systematically to stabilise operations, enhance the tenant base and build an income profile suitable for institutional ownership. Delivering a transaction of this scale and complexity in a constrained market underscores our firm’s depth, our cross‑border execution capabilities and our commitment to delivering high‑quality outcomes for our investors.”
The closing followed the successful fulfilment of all customary closing conditions, including receipt of approval from the Hungarian Competition Authority. Securing regulatory clearance was a critical milestone in the transaction process, removing execution risk and enabling full completion in line with the agreed timetable.
Bence Rohr, Principal at Revetas Capital, added: “From restructuring to stabilisation and monetisation, Park Center Hungary demonstrates our ability to manage complexity and exit with precision. We remained conviction-driven throughout the hold period, actively enhancing income quality and liquidity. Park Center Hungary exemplifies Revetas’ hands-on approach to transforming special situations into institutional-grade investments.”
