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Cerha Hempel and CMS Advise on CA Immo Sale of Vizivaros Business Center

Cerha Hempel and CMS Advise on CA Immo Sale of Vizivaros Business Center

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Cerha Hempel has advised CA Immo on the sale of the Vizivaros Business Center in Budapest to the FLE SICAV FIS real estate fund managed by FLE. CMS advised the buyer.

According to Cerha Hempel, “located in the 'Central Buda' office district in the west of Budapest, the Vizivaros Office Center has a total lettable area of around 14,200 square meters and was 96% let as of December 31, 2022.

Founded in 1987, CA Immo is listed on the ATX index of the Vienna Stock Exchange and controls property assets of approximately EUR 5.9 billion in Germany, Austria, and CEE.

Cerha Hempel’s team included Managing Partner Wilhelm Stettner and Partner Mark Krenn.

The CMS team included Partner Jozsef Varady, Senior Counsel Andras Klupacs, and Associate Mark Molnar.

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.