Schoenherr has advised Paris-based MNK Partners on the acquisition of the Kodolanyi Janos University building in Hungary from Defactoring Zrt.
MNK Partners is a fund manager acting on behalf of the MNK One Real Estate Investment Fund, managing a EUR 400 million portfolio in five different countries. Defactoring Zrt is a Hungarian company active in the non-performing loan sector.
According to Schoenherr, “the asset has a total of 7,500 square meters leasable area and 40 surface car parking spaces and it is entirely leased on a long-term basis to the Kodolanyi Janos University. The transaction was performed as an asset deal and marks MNK's market entry in Hungary.”
Schoenherr's team was led by Attorney Laszlo Krupl and included Associates Anita Vertes and Adrian Menczelesz.