Partos & Noblet, the associated Budapest office of Hogan Lovells, working with Grama Schwaighofer Vondrak Rechtsanwalte in Austria and Rowan Legal in Slovakia, has advised South Africa's JSE-listed Accelerate Property Fund on the acquisition and financing of a portfolio of nine retail warehouse properties tenanted by OBI subsidiaries from the Supernova Privatstiftung group. Supernova was advised by Dorda Brugger Jordis with Slovak law advice provided by Cechova & Partners.
The portfolio consists of six properties in Austria and three properties in Slovakia. The aggregate acquisition value is EUR 82.1 million.
The Hogan Lovells team advising the Accelerate Property Fund was led by Budapest-based real estate Partner Christopher Noblet, working with Senior Associate Laszlo Jen. Commenting on the transaction, Noblet said: "We feel privileged to have been able to work together with Accelerate Property Fund on this acquisition, their first deal in Europe."
Assisting Hogan Lovells on Austrian law aspects was a Grama Schwaighofer Vondrak Rechtsanwalte team led by Attorney Georg Zacherl and including Banking Partner Wolfgang Freund, Real Estate Partner Andreas Schwaighofer, and Associate Maximilian Waldstein. The Rowan Legal team advising on Slovak law was led by Partner L'udovit Micinsky.
The Dorda Brugger Jordis team advising Supernova was led by Partner Felix Horlsberger and Attorney Christian Ritschka. Slovak law advice was provided by Partner Katarina Cechova of Cechova & Partners.