The View 7th edition

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The retail sector saw 11 transactions close in H2, with a combined value of EUR 585 million. Seven deals were for single assets while the rest involved concentrated portfolios. This brought the sector’s annual number of transactions to 17 and its annual turnover volume to EUR 732 million, 59% of which came from two prime shopping centre sales in Budapest during H2. The two largest retail deals of the year involved Mammut Shopping Centre, purchased by NEPI Rockcastle following their acquisition of Arena Mall a year earlier. The other prime shopping centre deal was for MOM Park, purchased by OTP RE Fund and thereby marking the first prime shopping centre acquisition by a Hungarian investor.

Meanwhile, local property company Indotek expanded its portfolio of retail centres in regional cities, notably Győr, Nyíregyháza and Székesfehérvár, and Diófa RE Fund made a bet on retail parks around the periphery of Budapest by purchasing a portfolio of three such assets from Portico. Early in the year, Premier Outlet Center was acquired by a leading German fund and local WING picked up a portfolio including the secondary asset Euro Center in north Buda as well as a Family Center and Praktiker property in Szombathely. Investment in the industrial sector remained marginal in H2, with only two registered deals. Prologis divested two more logistics properties, in Százhalombatta and Üllő, this time as part of a global