CA Immo successfully completes sale of Millennium Tower I office building in Budapest

Keegan Viscius, CEO of CA Immo: "Due to market fundamentals and attractive alternative capital allocation opportunities, we decided in 2023 to classify Hungary as a non-core market. This transaction is a further step in the implementation of our strategic capital rotation program and exit from the Hungarian market. The proceeds of the sale can be used in a variety of ways, such as general corporate purposes, accretive investments in our world-class portfolio, debt repayment, share repurchases, and external investments should attractive opportunities arise."

Hedwig Höfler, Group Head of Investment Management at CA Immo: "After a period of extremely low transaction activity in 2023 and 2024, the Budapest investment market has caught up strongly in 2025. With three sales in the past year – the last of which has now been completed – we can confirm this positive market trend and are confident that our high-quality portfolio will attract further investors."

The sale is in line with CA Immo's long-term investment strategy, which focuses on large, high-quality office properties in prime inner-city locations. As part of this strategy, CA Immo sells properties that do not fit the core business in terms of asset class, location, quality, age or value appreciation potential, thus continuously optimising the quality and sustainability of the real estate portfolio.

CERHA HEMPEL Attorneys at Law and CBRE advised CA Immo on the sale.

As of 30 September 2025, CA Immo's Hungarian portfolio comprised six office buildings in Budapest with a total lettable area of around 125,000 m² and a book value of around EUR 246 million. All Hungarian buildings have a BREEAM Very Good or LEED Gold sustainability certification.