Thursday, 25 June 2026
CA Immo has completed the sale of the Capital Square office building in Budapest to WING as part of its strategy to reduce its exposure to the Hungarian market.
Located in Budapest’s Váci Corridor office district, Capital Square offers approximately 34,000 sqm of gross leasable office space and around 600 parking spaces. The multi-tenant property was completed in 2009 and, as of February 2026, was around 85% occupied. The building had a weighted average unexpired lease term (WAULT) of 4.1 years and generated annualised gross rental income of approximately €5.7 million.
The transaction forms part of CA Immo’s capital rotation programme, which began after the company identified Hungary as a non-core market in 2023. According to the company, proceeds from the sale may be used for general corporate purposes, investment in its core property portfolio, debt reduction, share buybacks or future investment opportunities.
CA Immo said the sale reflects its ongoing portfolio optimisation strategy, while continuing to focus on office assets in its core markets.
Following the transaction, the company’s Hungarian portfolio comprises four office buildings in Budapest with a combined lettable area of approximately 72,000 sqm and a book value of around €140 million, based on figures as of 31 March 2026. The remaining assets include three buildings within the Millennium office complex and the City Gate office building. All properties hold either BREEAM Very Good or LEED Gold sustainability certification.
CERHA HEMPEL Rechtsanwälte and CBRE advised CA Immo on the transaction.
