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Vienna-based investment manager GalCap Europe has acquired Merkúr Palota (the Mercure Palace), a fully renovated office building in Budapest. The seller is a private investor; both parties agreed not to disclose the purchase price. The purchase was made on behalf of a separate account, administrated by Institutional Investment Partners, for a German pension scheme. The...
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The subsiding of the immigration wave into Europe has prompted foreign investors, particularly Americans, to look again at the higher yields available in central Europe, says Manfred Wiltschnigg, founder of Vienna-based real estate investment manager GalCap Europe.
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