Jones Lang LaSalle has said it was involved in all major office transaction in Hungary during 2011 representing more than EUR 240 million of investment. More than 42% of all investment deals closed in 2011 was transacted with the help of Jones Lang LaSalle, the property adviser added.

The first half of 2011 was relatively quiet in terms of property transactions in Hungary. Total investment volume reached only EUR 300 mln mainly on the back of the Europolis / CA Immo regional deal agreed in 2010.

During the summer, JLL was involved in the acquisition of an office building occupied by Raiffeisen Bank. As expected the second half of 2011 and especially December, became extremely active with Heitman, the Chicago-based real estate investment manager, closing on two significant office portfolio transactions. In the first transaction, Jones Lang LaSalle represented the seller, Trigránit, which sold a 74% interest in Millennium City Center (Towers I, II, III and Building H) to Heitman for EUR 150 mln.

A few days before Christmas, Heitman acquired Alkotás Point and Science Park office buildings from Aviva, advised by Jones Lang LaSalle. This was the second largest property transaction of 2011.