Purchaser, plus brief information about the company
The GTC Group is one of the leading commercial real estate companies in Central, Eastern and Southern Europe. Since 1994, the Group has been developing high standard, modern office and retails properties through CEE region. GTC actively manages real estate portfolio of 36 commercial real estate projects providing over 594 000 sq m of office and retail space to its highly demanding tenants and customer in Poland, Serbia, Hungary, Romania, Croatia and Bulgaria.
Consultancy which advised Purchaser
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Financing institution
own funds and bank loan
Current occupancy level
Occupancy level at 83%
Please say why this deal should be considered for the award
Duna Tower is an iconic office complex that dominates the skyline of Budapest’s Váci Corridor. Inaugurated in 2006, the 60-meter-high twin-tower stands on the Pest side of Árpád Bridge. The building, located close to the Danube bank, boasts a fantastic view to the historic City and the Margaret Island. At the moment of acquisition, this purchase has taken GTC Hungary’s total office portfolio up to 118 000 sq. m gross leasable area and reinforced the company’s profile as leading investor and developer in the region.
