Cerha Hempel has advised CA Immobilien Anlagen on its sale of the R70 office building to Epkar. Kalman & Partners reportedly advised the buyer.
The R70 office building is located in Budapest and has around 19,200 square meters of gross leasable area.
Founded in 1987, CA Immo is a Vienna-headquartered real estate company with branches in seven Central European countries. The company’s business involves office building leasing, management, and development.
Epkar is a Hungarian company operating in the construction industry.
"This sale is in line with the strategic capital rotation program to secure and increase the attractiveness and sustainability of the CA Immo asset portfolio," CA Immo announced.
"The sale of the R70 Business Center is one of a series of real estate transactions that highlights the increasing importance of local investors in Hungary," Cerha Hempel Partner Wilhelm Stettner added.
Cerha Hempel's team included Budapest-based Stettner and Vienna-based Partner Mark Krenn.
Editor's Note: After this article was published, Kalman & Partners confirmed that it had advised Epkar. The firm's team included Managing Partner Bence Magyari, Partner Gergely Bogdan, Senior Tax Advisor Klaudia Sari, and Associate Aniko Vadasz.