IVG has disposed of five assets in return for €470m, properties located in Budapest, Milan, Paris, Luxembourg and Düsseldorf. With the sale, the company has managed to sell off even more than the €1bn it planned to this year. CEO Gerhard Niesslein told Bloomberg there had been a “dramatic” increase in investor interest.
Though not mentioned in the article, CIJ has learned that the Budapest building in question is the 9,865 sqm RiverPark in District IX, completed earlier this year. The purchaser was IVG Institutional Funds. IVG is still looking to unload two additional properties in Budapest, StefániaPark and Infopark Building E.