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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

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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