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CBRE to manage CEREF 1 portfolio

Alex Hayes 29 June 2017

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

HUNGARY M7 has appointed CBRE to manage its CEREF I fund portfolio in Hungary.

The Central European Real Estate Fund I (CEREF I) acquired two retail centres (the Atom Centre in Paks and Csillagvár Shopping Centre in Budapest), and a logistics warehouse in Dunaharaszti in late 2016. In 2017 M7 made further acquisitions including the 62,000 sqm Aerozone Logistics Park in Vecsés, Eger Business Park (72,000 sqm), the Liget Centre (10,900 sqm) as well as a further five logistics centres in the area surrounding Budapest. M7 CEREF I now has app. 210,000 sqm of retail, office and industrial property in Hungary. Zsolt Kákosy the director of asset services at CBRE Hungary commented, “The acquisition of the properties demonstrates that M7 has faith in Hungary and its growing economy. The fact that CBRE has been selected to manage the entire Hungarian portfolio highlights the continued strong performance of the property managers of CBRE.” CBRE is also actively working with M7 to help create a new retail concept for Csillagvár shopping centre in Budapest.


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