PropertyEU

Warimpex sells Budapest redevelopment above fair value

By A staff reporter 2008-12-15T00:00:00

Vienna-based developer Warimpex has sold the renovated Pauler office building in Budapest to an international private buyer. Company spokesman Christoph Salzer said the price for the relatively small asset was below EUR 10 mln. The exact investment volume for the 3,000-m[sup]2[/sup] asset was not disclosed but Warimpex said it was ...

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