Wednesday was a nice day. The weather was mild and sunny when we sit down for a round table conversation combined with breakfast with KPMG. We did not hear the usual mantras at last but could listen to the visiting lecturers relatively openly, ignoring all their positions. The introduction to the situation and the experts’ opinion about the future of the market did not mean news for us. No transactions, long recovery, no loans...
I cannot form an opinion about the breakfast as at the end of the conversation I got up, walked across the street and entered the nearby bank office where I could have a look at the outcome of my eleven-month work; the parties were just signing the contracts. On the same day two “A” class office buildings in inner Buda changed hands at 10.4% yield. As loan was also organized by me for the transaction (65%LTV), ROE index was up to 25%.
It was a fine autumn day...
(CEU REality group was involved in the transaction as an agent.)
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