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Szecsenyi & Partners and CMS Advise on M7's Acquisition of the Terrapark Office Complex

Szecsenyi & Partners and CMS Advise on M7's Acquisition of the Terrapark Office Complex

Hungary
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Szecsenyi & Partners has advised M7 CEREF II on its acquisition of the Terrapark Office complex near Budapest. CMS advised the seller.

The acquisition was carried out by pan-European investor and asset manager M7 Real Estate on behalf of the M7 CEREF II fund.

According to M7, M7 CEREF II has so far acquired eight assets totaling approximately 110,000 square meters across Hungary, Croatia, and Poland, with the fund now being almost fully invested. The target size of the fund is approximately EUR 100 million, with leverage.

"As COVID-19 restrictions begin to ease, we believe Terrapark will appeal to a broad range of occupiers looking for high-quality offices, with green space, near Budapest," commented M7 Real Estate Transactions & Asset Manager Tibor Raduly. "Our active asset management program provides great potential to generate additional income from Terrapark, as we continue to target attractive returns for our investors over the coming years."

The Szecsenyi & Partners team consisted of Partners Laszlo Szecsenyi and Balazs Vagvolgyi.

The CMS team included Senior Counsel Andras Klupacs.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.