Gránit Asset Management, acting on behalf of the Magyar Posta Takarék Real Estate Investment Fund, has acquired the Park Center retail portfolio in Hungary from Revetas Capital.
The transaction comprises 12 retail parks and single-tenant retail units, with a total gross leasable area (GLA) of 45,000 sqm, located across key regional cities. The deal will be executed as an asset transaction, subject to approval by the Hungarian Competition Authority.
Following the transaction, Gránit Asset Management will operate the acquired assets under the Zone Retail Park brand. The network will now comprise 17 strip mall shopping centers under unified management, expanding total retail space from 97,800 sqm to over 142,000 sqm.
Strong regional footprint, near-full occupancy
The acquired portfolio includes eight retail parks and four single-tenant retail units located in Debrecen, Dunaújváros, Marcali, Mosonmagyaróvár, Nagykanizsa, Miskolc, Siófok, Sopron, Szekszárd, Szentlőrinc, Tolna and Zalaegerszeg. Most of the properties were developed in the 2000s and are currently nearly 100% leased.
Gránit Asset Management was advised by Kinstellar, Sentient and Grandum Real Estate, while CMS acted as legal advisor to Revetas Capital. Cushman & Wakefield served as the seller’s broker.
According to Cushman & Wakefield data, Hungary’s retail park stock reached 1.7 million sqm in 2025, with the development pipeline expected to accelerate, adding a further 55,000 sqm through 2026.
