CMS has announced that Konrad Werner has been promoted to Counsel and Head of Real Estate Finance, Poland, and Agnieszka Ziolek has been promoted to Counsel and Head of Restructuring, Poland, in the firm's Warsaw office.
CMS Budapest has represented BlackRock in leasing a 3,500 square meter space at GTC White House, an office building being developed by GTC Hungary and due for completion in Q1 2018. Lakatos, Koves & Partners advised GTC Hungary on the deal. The agreement was concluded with an option to extend the office area up to 7,700 square meters starting in April 2018.
CMS has announced that Counsel Libor Prokes, Senior Associate Pavel Srb, and Associate Ivana Lobotkova have moved from Wolf Theiss to join the firm's real estate practice in Prague.
CMS Budapest has advised the Futureal Group on the sale of the Skypark office building in the center of Budapest and the Sziget Centre shopping mall on the city's outskirts to the OTP Property Investment Fund.
As summarized in CMS’s recently-released Emerging Europe M&A Report 2016/2017, the year just concluded, 2016, was an eventful one in Europe, as it included weak global growth and overall investor cautiousness, an attempted military coup in Turkey, a vote for the UK to leave the European Union, continued unrest in the east of Ukraine, continued application of sanctions in Russia, and the first full year of a new populist right-wing Government in Poland. There was plenty therefore to be concerned about, and we all feared what impact this might have on M&A deal activity in the region as a whole.
CMS's Polish and Swiss offices have advised the Bucher-Motorex Group on the acquisition of a lubricants factory in Poland from Circle K (the former Statoil Fuel&Retail). This is Motorex’s first acquisition in CEE.
CMS has advised ING Bank N.V., London Branch and other international banks as mandated lead arrangers of a new USD 420 million five year unsecured syndicated finance facility to Russian Railways. Freshfields Bruckhaus Deringer reportedly advised Russian Railways on the deal.
CMS has advised Spanish investment fund Azora Europa l on its sale of the Galleries Louvre office property in Prague to Redstone Real Estate. Squire Patton Boggs advised Redstone on the deal. The price was not disclosed.