• CA Immo completes sale of Millennium Tower I in Budapest
BUDAPEST, Hungary – Real estate company CA Immo has completed the sale of the Millennium Tower I office building in Budapest, the company announced on February 2. The sale is part of a strategic program to focus its portfolio on modern office properties in core markets.
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What is new?
CA Immo has finalized the sale of its Millennium Tower I property located in the Central Pest office submarket of Budapest. The transaction is described by the company as successfully completed.
Strategic Context
The divestment is part of CA Immo’s ongoing strategic capital rotation program. The company stated the program’s objective is to concentrate its investment portfolio on high-quality, modern office properties within its primary core markets.
Property Details
The sold asset, Millennium Tower I, is an office building that encompasses 18,800 square meters of space. Its location is within a central office district of the Hungarian capital.
About this company
CA Immobilien Anlagen AG, or CA Immo, is a real estate company headquartered in Vienna, Austria. The firm specializes in office properties, with a focus on major cities in Central European markets.
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