MNK Partners continues its investment activities in Europe and announces the acquisition, on behalf of its pan-European professional income fund, MNK ONE, of a university building in Budapest. This transaction is in line with the fund's geographic and income diversification strategy launched at the end of 2019.

After several transactions in Ireland, Poland, and Portugal in the healthcare, office, retail, and hospitality sectors, MNK Partners decided to make a transaction for €6.3 million, which concerns assets of the education sector located in Hungary. The property is located in the heart of the Hungarian capital – Budapest – in a densely inhabited district with good communication with the rest of the city.

The acquired assets are fully leased to an accredited university belonging to Docler Holding. It is a group of universities offering various national and international study programs in the field of technology, art, media, sports, and video games.

This university sets the standard for private universities in Hungary. It has a total area of ​​7,500 sqm, 40 parking spaces, and has a lease contract for the next 11 years.

"The acquisition of real estate in Hungary is in line with MNK One's concept of diversification, both geographically and sectorally. It also fits in with MNK Partners' strategy: to carry out transactions that we believe will bring our investors returns and potential profits. , What’s more, this is in line with our direction of developing the SRI MNK Partners strategy: investing in a university enables us to support education, a key theme of sustainable development," Mansour Khalifé, president of MNK Partners, explained.

During the transaction, MNK Partners was advised by Schonherr on legal matters. On the other hand, in commercial and technical matters, Avison Young. Tax consultations were conducted with Ecovis.

(WBJ)