Cushman & Wakefield (C&W) the world’s largest privately held commercial real estate services firm closed four industrial deals on former Interfruct portfolio in 2012. Three buildings in Debrecen, Békéscsaba and Szolnok, all together more than 10,000 sq m were sold and one in Veszprém with 4,067 sq m GLA was let to a wholesaler with purchase option.
The former Interfruct portfolio consisted of all together 23 buildings in the countryside and Budapest and the asset management and strategic advice is dealt with by Rockspring. C&W’s retail and Industrial departments are the exclusive leasing/selling agents on the mandate. In the past years the company has let 5 buildings for long term and contributed to the sale of another 6 buildings in Budapest and the countryside.
István Fazekas, Industrial Department at C&W Budapest commented on the success: “Despite the current economic downturn, and the struggling industrial market in Hungary we are proud to have signed deals for 11 former Interfruct buildings all over the country in the past years. These transactions prove that even though many multinational retailers appeared in Hungary, there is still demand from local suppliers wanting to rent in the best commercial areas. Since the ‘plaza ban’ came to effect in 2012 the interest in second hand buildings increased significantly.”