Kinstellar's Budapest and Prague offices have advised M7 Real Estate on its EUR 68.5 million senior debt facility from Starwood European Real Estate Finance and on its acquisition of Aerozone Logistics Park in Budapest from CA Immo Group and Union Invest.
M7 recently closed its first Central European fund for third-party investors, known as M7 Central European Real Estate Fund I (M7 CEREF I), after collecting EUR 60 million of investor capital.
The multi-tenanted logistics park acquired from CA Immo Group and Union Invest covers 64,600 square meters and is located close to Budapest's airport.
The Kinstellar Budapest team was led by Partner Anthony O‘Connor and included Managing Associate Akos Mates-Lanyi and Associate Levente Hegedus. The Kinstellar Prague team was led by Partner Klara Stepankova and included Counsel Martina Brezinova and Associate Rudolf Schichor.
Kinsteller did not reply to our inquiry about the identity of counsel for the lenders in the first deal, nor the sellers in the second.