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Szecsenyi & Partners and CMS Advise on M7's Acquisition of the Terrapark Office Complex

Szecsenyi & Partners and CMS Advise on M7's Acquisition of the Terrapark Office Complex

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Szecsenyi & Partners has advised M7 CEREF II on its acquisition of the Terrapark Office complex near Budapest. CMS advised the seller.

The acquisition was carried out by pan-European investor and asset manager M7 Real Estate on behalf of the M7 CEREF II fund.

According to M7, M7 CEREF II has so far acquired eight assets totaling approximately 110,000 square meters across Hungary, Croatia, and Poland, with the fund now being almost fully invested. The target size of the fund is approximately EUR 100 million, with leverage.

"As COVID-19 restrictions begin to ease, we believe Terrapark will appeal to a broad range of occupiers looking for high-quality offices, with green space, near Budapest," commented M7 Real Estate Transactions & Asset Manager Tibor Raduly. "Our active asset management program provides great potential to generate additional income from Terrapark, as we continue to target attractive returns for our investors over the coming years."

The Szecsenyi & Partners team consisted of Partners Laszlo Szecsenyi and Balazs Vagvolgyi.

The CMS team included Senior Counsel Andras Klupacs.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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