Europa Capital has secured a €33 mln refinancing for its Eiffel Square offices in Budapest from Deutsche Pfandbriefbank.

Europa Capital has secured a €33 mln refinancing for its Eiffel Square offices in Budapest from Deutsche Pfandbriefbank.

The 23,500 m2 site in central Pest includes 17,000 m2 of offices, with the rest made up of restaurants and retail. Tenants include Mastercard, Sony AXN and Tesco. Europa developed the site originally with DVM and Convergence, which manages it today. The land sits next to the Gustav Eiffel-designed Western Railway Station.

‘Having added significant value to the investment from leasing and management, we have now been able to return capital to our fund investors and joint venture partners,’ said Europa’s James Pennington.