CMS has advised the Belgian real estate developer Atenor on the sale of Building A in the Vaci Greens complex in Budapest.
Building A, which finished in September 2013, contains 15,700 square meters of office space, 88% of which is leased to various tenants, including General Eletric, Sykes, Enterprise, BNP Paribas Real Estate, and Budapest Bank.
The Vaci Greens complex, started in 2008 by Atenor, consists of six Class A office buildings with a total surface area of over 120,000 square meters. The complex is located in the Vaci Corridor business district of Budapest. CMS previously advised Atenor on the sale of Vaci Greens Building C to the Czech investment fund ZFPR Realitni Fond, which is managed by ZFP Investments (as reported on December 19, 2016).
The CMS team assisting Atenor included Partner Gabor Czike, Senior Counsel Jozsef Varady, and Lawyer Laszlo Jokay.
CMS did not reply to our inquiry about the identity of the buyer of Building C, nor the firm that represented it.
Image Source: vacigreens.hu