CMS Budapest has advised the Belgian real estate developer Atenor on the acquisition of a 19,000 square meter plot of land on the main road corridor in Budapest connecting the city center to the airport.
According to CMS, "the site provides an opportunity to build a campus of four office buildings with commercial spaces covering approximately 85,500 square meters, which will be developed in phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018."
As reported by CEE Legal Matters, CMS Budapest earlier advised Atenor on the development of Vaci Green office buildings A, B, and C (as reported on February 20, 2017 and February 19, 2016).
The team assisting Atenor in this recent acquisition was led by Partner Gabor Czike and included Nora Devenyi.
