CMS has advised Belgian real estate developer Atenor on the sale of Vaci Greens Building C in Budapest to Czech investment fund ZFPR Realitni Fond, which is managed by ZFP Investments. Oppenheim acted for ZFP Investments on the deal.
The Vaci Greens development, which was initiated by Atenor in 2008, will include six office buildings, totaling over 120,000 square meters of Grade A office space. Building C, which was completed in June 2015, is one of three completed so far. It consists of 18,500 square meters of office space, fully let to General Electric.
The CMS team assisting Atenor included Partner Gabor Czike, Senior Counsel Jozsef Varady, and Lawyer Laszlo Jokay.
The Oppenheim team was led by Partner Mark Pinter, who heads the firm's real estate practice, and who was supported by Senior Associate Janos Fodor.
Image Source: vacigreens.hu