20
Sun, Oct
52 New Articles

CHSH Advises CA Immo and Union Investment on Sale of Aerozone Logistics Center in Budapest

CHSH Advises CA Immo and Union Investment on Sale of Aerozone Logistics Center in Budapest

Hungary
Typography

CHSH has advised CA Immo and Union Investment on the sale of the Aerozone logistics center in the suburbs of Budapest to the M7-managed fund, M7 CEREF I. 

CA Immo is a Vienna-based real estate company and Union Investment Real Estate is a German real estate investment manager, in the process completing the strategic process of CA Immo’s withdrawal from the logistics segment.

‘We sold our entire logistics portfolio in order to keep growing our core business, the office segment, profitably. At the same time, we are reducing minority holdings to raise the efficiency of our portfolio management’ added Frank Nickel, CA Immo’s CEO.

"We are happy to have again successfully contributed to CA Immo's divestment strategy streamlining its portfolio," said Mark Krenn, Head of CEE Real Estate Practice of CHSH who led the firm's team on the matter. "Again we underlined our expertise in the CEE region."

The Hungarian CHSH team was led by Budapest-based Partner Wilhelm Stettner.

As previously reported, Kinstellar advised M7 on the deal.  

Hungary Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

Our Latest Issue