Fidelidade acquires an office building in Budapest
Companhia de Seguros, SA (“Fidelidade”), a leading Portuguese insurance company, has acquired BC 140, a multi-tenant office building in Budapest, through its real estate investment subsidiary, Fidelidade Property , according to a press release sent to the Budapest Business Journal.
The asset was acquired from a fund managed by DWS, one of the world’s leading asset managers.
With 16,270 m² spread over eight floors, BC 140 is located in Váci út, integrated into one of the most dynamic and important office sub-markets in Budapest, with a strong presence of international tenants. The building is served by a wide range of public transport.
This transaction aims to add another source of long-term stable income to Fidelidade’s real estate portfolio, in accordance with the company’s investment policy, the press release noted.
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