Decama Capital Ltd makes €7 million sale on site in Budapest, Hungary
AUG. 26, 2021
(26th August 2021: London, UK and Tel Aviv, Israel): Decama Capital Ltd (TASE: DCMA), a leading Israeli investment company headquartered in the UK and listed on the Tel Aviv Stock Exchange, is delighted to announce the sale of its multi-functional development site located in the 18th District of Budapest, Hungary.
The land, which spans 225,000 square metres, was purchased at a sale price of €7 million by WING Hungary, one of the biggest real estate developer and investor companies in the country. WING has a growing international presence, is the majority owner of Poland’s largest real estate developer, Echo Investment, and has been involved in headquarter building projects in Hungary for the likes of Telekom, Ericsson, Allianz, E.ON, Siemens, Accor, GE Oil and Gas, Philip Morris.
Key features of the site include its close proximity to the M0, M4, M5, Budapest Liszt Ferenc International Airport, a well-established logistics hub (to the North-East) and shops and amenities at Market Central. The land is also suitable for residential, industrial, hospitality and office functions.
Decama Capital Ltd continues to expand and explore new investment opportunities, particularly in the renewable energy sector.
Nate Lorenzi, CEO of Decama Capital Ltd, said: “It has been a pleasure to work with a company as experienced and respected as WING on this sale. As we find new ways to broaden our investment scope, I look forward to what is in store for Decama Capital Ltd in the months ahead.”
About Decama Capital Ltd
Decama Capital Ltd is an Israeli investment company listed on the Tel Aviv stock exchange and headquartered in London. Decama Capital engages in real estate activities, management and operation of properties for rent and sale.