Bluehouse Capital has acquired the last of the six Infopark office buildings developed in Budapest by listed German property company IVG.
Bluehouse Capital has acquired the last of the six Infopark office buildings developed in the Hungarian capital Budapest by listed German property company IVG. The financial details of the transaction were not disclosed.
Budapest Infopark was developed and marketed by IVG as the first innovation and technology park in Central and Eastern Europe since 1998. The park has a total rental area of more than 100,000 m².
Infopark E was completed in 2009 and comprises a rental area of 17,200 m² with 269 underground parking spaces. The building has an occupancy rate of 86%. The tenants in the LEED Silver certified property include Lufthansa Systems, National Instruments, Kraft Foods and the first EU organisation based in Hungary, the European Institute of Innovation & Technology.
Founded in 2004, Bluehouse is a private equity real estate investment management firm focused on Emerging Europe. The company manages capital across three funds, investing on behalf of institutional investors such as financial institutions, pension funds, endowments, multimanager funds and family offices.
IVG Immobilien is one of Europe's major real estate and infrastructure companies. The company manages assets worth EUR 21.4 bn.
