An international investment consortium comprising Wing, Morgan Stanley Real Estate Investing and CC Real has sold the West End Business Center office building in Budapest to OTP Property Investment Fund.
Wing has been taking part in the operation of West End Business Center as a co-owner and asset manager. The refurbishment of the office building has kicked off recently, and under the agreement it will continue even after the closure of the transaction and be completed by the end of 2018.
The office complex offers available office space of over 26,000 sqm, over 1,000 sqm of store area and a two-story garage hall.
The global healthcare sector remains buoyant and is expected to grow despite a challenging economic outlook, according to global property advisor, Knight Frank. Investors remain confident in the long-term...