CA Immo sells Budapest's Capital Square to Wing

CA Immo has divested its Capital Square office building in Budapest, selling the 34,000-m2 property to Wing.

Capital Square Budapest

Completed in 2009, Capital Square features a distinctive ceramic façade and an undulating roof and also offers around 600 parking spots. As of February 2026, the building was 85% occupied, with an average lease term of 4.1 years remaining and an annualised gross rental income of approximately €5.7 mln.

Following this sale, CA Immo's remaining Hungarian portfolio comprises four office buildings in Budapest (excluding Capital Square). These properties, totalling approximately 72,000 m2 of leasable space with a book value of around €140 mln, include three buildings within the Millennium complex and the City Gate office building. All of CA Immo's Hungarian assets hold either BREEAM Very Good or LEED Gold sustainability certifications.

Keegan Viscius, CEO of CA Immo, commented: “Based on market fundamentals and attractive alternative capital allocation options, we have decided to reclassify Hungary to a non-core market in 2023. This transaction is a further step in the implementation of our strategic capital rotation programme and on the way to exiting the Hungarian market. The proceeds from the sale may be used in a number of ways, including general corporate purposes, accretive investment in our prime portfolio, repayment of debt, buyback of shares, and external investment should attractive opportunities arise.”

Hedwig Höfler, Group head of Investment Management of CA Immo, added: “The successful completion of four property sales during 2025 and 2026, including the most recent transaction, highlights the market’s renewed strength. We are confident that the quality of our remaining portfolio will attract further investors.”

Cerha Hempel Rechtsanwälte and CBRE advised CA Immo on the sale.