Hungarian developer SCD Group has bought a 12.6-hectare site in Buda, the prime residential district of Budapest, for HUF 6.85 bn (EUR 25 mln). The acquisition was financed by MKB Bank, the Hungarian subsidiary of Bayerische Landesbank.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
