DTZ represented the vendor during the negotiations. At the end of 2014, DTZ won an exclusive mandate from MKB Bank Group to advise them on the sale of their portfolio of industrial assets. The portfolio comprises various assets including greenfield sites, vacant production units and warehouse type of schemes.
Hungary is definitely on the recovery path with several larger investment projects expected to close in the forthcoming short time period. With increasing purchaser activity price ranges have started to rise, therefore those vendors waiting for favourable market changes started to rethink their strategy and come to the market with their investment products. The industrial sector is currently the most attractively priced sector in Europe, with the most underpriced markets. The CEE region is among the most attractive locations in Europe with comparative property prices and sectors with the most attractive pricing for investors. Hungary’s position in the region is expected to rise in the next years with increasing market activity.