Belgian real estate developer Aternor has sold its Vaci Greens building C office in Budapest to Czech investment fund ZFP realitní fond, managed by ZFP Investments.
The transaction volume was not disclosed.
The asset is one of the three buildings completed by Atenor within the Vaci Greens development, located in the Vaci Corridor in the Hungarian capital. The entire scheme will comprise six office buildings, totalling more than 120,000 m2 of lettable space.
So far the development has abtained the highest BREEAM environmental certification and attracted international tenants, including General Electric.
ZFP Investments is the Czech subsidiary of IAD Investments - the oldest mutual fund manager in the Slovak Republic. With a focus on Central Europe, it currently has some €420 mln assets under management.
