Divjak, Topic, Bahtijarevic & Krka has advised M7 Real Estate Croatian subsidiary M7 Central European Real Estate Fund I on its sale of the Mani Business Center to the Raiffeisen Pension Insurance Company. Macesic & Partners advised Raiffeisen Pension Insurance.
According to DTB, the Mani Business Center is a 12,900-square-meter multi-let office building. “M7 will continue to asset manage the property on behalf of the new owner. The sale completes the divestment of M CEREF I, a value-added fund comprising a portfolio of 21 logistics, office, and retail assets in key Central European markets, generating total sale proceeds of EUR 182 million and an IRR of 25%, significantly ahead of the Funds’ business plan.”
DTB’s team included Partner Martina Kalamiza and Associate Marta Hren.
Macesic & Partners' team included Partner Ivana Manovelo and Attorney Zrinka Buzatovic.