Tuesday, 3 March 2026
Revetas Capital has completed the sale of the Park Center Hungary portfolio to Gránit Asset Management, acting on behalf of the Magyar Posta Takarék Real Estate Investment Fund. The transaction concludes a value-creation strategy that began with the acquisition of the assets through a restructuring process in 2013.
The closing follows the signing of the sale and purchase agreement in December 2025 and the receipt of all required regulatory approvals, including clearance from the Hungarian Competition Authority.
The portfolio comprises 12 retail assets across regional Hungarian cities, including eight retail parks and four single-tenant properties, with a total leasable area of approximately 45,000 sqm.
Over the holding period, Revetas carried out capital improvements, operational upgrades and tenant repositioning aimed at stabilising the assets. The company reported that the portfolio reached near-full occupancy supported by long-term leases.
Vlad Dragoescu, Partner and CEE Head of Portfolio Management at Revetas Capital, said: “The successful exit of Park Center Hungary reinforces Revetas’ competence in creating long term value from special situations. Since assuming stewardship of the assets, we have worked systematically to stabilize operations, enhance the tenant base and build an income profile suitable for institutional ownership. Delivering a transaction of this scale and complexity in a constrained market underscores our firm’s depth, our cross border execution capabilities and our commitment to delivering high quality outcomes for our investors.”
The transaction was finalised after all customary closing conditions were met, including competition clearance, which the company described as a key step in completing the process on schedule.
Bence Rohr, Principal at Revetas Capital, added: “From restructuring to stabilization and monetization, Park Center Hungary demonstrates our ability to manage complexity and exit with precision. We remained conviction-driven throughout the hold period, actively enhancing income quality and liquidity. Park Center Hungary exemplifies Revetas’ hands-on approach to transforming special situations into institutional-grade investments.”
