Martley Capital divests Hungarian office asset

Martley Capital has completed the sale of Terra Next A, an office building situated within the Terra Park Next office park in Budaors, the western entry point to Budapest.

Terra Park Next, Budapest

Terra Park Next is a 6.5-hectare park featuring 10 office blocks, offering high-quality office spaces with excellent on-site amenities for tenants. Its location provides the advantage of lower rent and utility costs compared to city centre properties, while maintaining strong public transport and road connections.
Building A, constructed in 2001, provides approximately 10,000 m2 of space spread across a basement, ground floor, and three upper floors, along with dedicated car parking. Amenities include 24-hour security, raised floors, suspended ceilings, air conditioning, on-site restaurants, and fitness facilities.
The asset was sold in Q4 2025 by one of Martley's Central European funds to a domestic owner-occupier. The sale price was consistent with the fund's target for exiting the investment. Martley Capital retains ownership and management of the adjacent Building B, where significant leasing progress has been made over the past year. Once a few pending lease agreements are finalised, the building will be fully stabilised, and its potential exit will be evaluated.
Tibor Raduly, head of Hungary at Martley Capital, said: “Martley Capital remains confident in the fundamentals of the Hungarian market and has successfully executed the sale of the asset against the backdrop of a market that, while subdued over the past period, is now showing clear signs of recovery. The transaction reflects Martley’s disciplined approach to value creation and its ability to capitalise on improving sentiment, alongside the firm’s broader opportunistic and value-add strategies across direct real estate, credit and equities, as market conditions continue to normalise.”
Martley Capital has approximately £900 mln (€1.05 bn) in assets under management across 30 mandates in the UK and Europe.
Kapolyi Law Firm acted as legal advisors on the sale.