KöKi Terminal Shopping Center Budapest

KÖKI TERMINAL is strategically situated at the Kőbánya-Kispest junction of the Hungarian capital, which is one of the most important intermodal hubs, serving the X. XIX and XVII. districts of Budapest. The hub is reinforced by subway, train, bus and tram connections and also seated on the route leading to the Airport and M0 ring road.

The shopping center (completed in 2011) is composed of 60,000 sqm retail and 6,000+ sqm office space across 4 storeys. Anchor tenants include OBI, Tesco, Müller, H&M, C&A, Euronics and Hervis.
Name of the deal KöKi Terminal Shopping Center Budapest
Information about the transaction project/projects/portfolio KÖKI TERMINAL is strategically situated at the Kőbánya-Kispest junction of the Hungarian capital, which is one of the most important intermodal hubs, serving the X. XIX and XVII. districts of Budapest. The hub is reinforced by subway, train, bus and tram connections and also seated on the route leading to the Airport and M0 ring road.

The shopping center (completed in 2011) is composed of 60,000 sqm retail and 6,000+ sqm office space across 4 storeys. Anchor tenants include OBI, Tesco, Müller, H&M, C&A, Euronics and Hervis.
The date of closing the deal 15 November 2019
Value of the transaction (in EUR) 100+ million
Yield 8%
Seller, plus brief information about the company Hungarian private companies
Consultancy which advised Seller Cashline, Jeszenszky Law Firm
Purchaser, plus brief information about the company Adventum International, a Malta based boutique investment fund manager focused on Central and Eastern European real estate investments is entirely owned by management. It has been operating under the Alternative Investment Fund Managers Directive with fund management companies established in Valletta and Budapest, and a total AuM in excess of EUR 250 million. The Group’s personnel includes highly experienced real estate professionals with CFA, NRW and MRICS qualifications with a combined investment experience of 70+ years. The management has so far executed investments in the CEE region over a total value of EUR 1.5bn.
Consultancy which advised Purchaser HEA Legal, CBRE, Finacont
Financing institution Erste Bank Plc.
Current occupancy level 85,29%
Please say why this deal should be considered for the award This transaction demonstrates the skillset of Adventum, realising a highly complex transaction and the largest retail investment in Hungary for 2019 to date. The project is also Adventum QUARTUM’s flagship undertaking in Hungary and the start of a 6 bn HUF complex refurbishment of KÖKI Terminal.
Name of the deal
KöKi Terminal Shopping Center Budapest
Information about the transaction project/projects/portfolio
KÖKI TERMINAL is strategically situated at the Kőbánya-Kispest junction of the Hungarian capital, which is one of the most important intermodal hubs, serving the X. XIX and XVII. districts of Budapest. The hub is reinforced by subway, train, bus and tram connections and also seated on the route leading to the Airport and M0 ring road.

The shopping center (completed in 2011) is composed of 60,000 sqm retail and 6,000+ sqm office space across 4 storeys. Anchor tenants include OBI, Tesco, Müller, H&M, C&A, Euronics and Hervis.
The date of closing the deal
15 November 2019
Value of the transaction (in EUR)
100+ million
Yield
8%
Seller, plus brief information about the company
Hungarian private companies
Consultancy which advised Seller
Cashline, Jeszenszky Law Firm
Purchaser, plus brief information about the company
Adventum International, a Malta based boutique investment fund manager focused on Central and Eastern European real estate investments is entirely owned by management. It has been operating under the Alternative Investment Fund Managers Directive with fund management companies established in Valletta and Budapest, and a total AuM in excess of EUR 250 million. The Group’s personnel includes highly experienced real estate professionals with CFA, NRW and MRICS qualifications with a combined investment experience of 70+ years. The management has so far executed investments in the CEE region over a total value of EUR 1.5bn.
Consultancy which advised Purchaser
HEA Legal, CBRE, Finacont
Financing institution
Erste Bank Plc.
Current occupancy level
85,29%
Please say why this deal should be considered for the award
This transaction demonstrates the skillset of Adventum, realising a highly complex transaction and the largest retail investment in Hungary for 2019 to date. The project is also Adventum QUARTUM’s flagship undertaking in Hungary and the start of a 6 bn HUF complex refurbishment of KÖKI Terminal.