Following the Group’s policy of working side by side with its tenants to create mutually beneficial long-term relationships, Zeritis Group recently signed a 10-year lease contract for its retail property facing Dózsa György út, just off the M0 ring road, with XXXL Shopping Center. XXXL Shopping Center is a chain of retail outlets engaging in the sale of clothing and other equipment.
Konstantinos Karagiannis, CFO at Zeritis Group, commented: “The deal marks the long position that Zeritis Group has taken towards Hungary macro and real estate wise. The real estate market in the country has seen lately some impressive yields and more is yet to come.”
SmartLegal Schmidt & Partners acted as the legal advisor on the deal for Zeritis Group.