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Cerha Hempel Advises CA Immo on R70 Office Building Sale

Cerha Hempel Advises CA Immo on R70 Office Building Sale

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Cerha Hempel has advised CA Immobilien Anlagen on its sale of the R70 office building to Epkar. Kalman & Partners reportedly advised the buyer.

The R70 office building is located in Budapest and has around 19,200 square meters of gross leasable area.

Founded in 1987, CA Immo is a Vienna-headquartered real estate company with branches in seven Central European countries. The company’s business involves office building leasing, management, and development.

Epkar is a Hungarian company operating in the construction industry.

"This sale is in line with the strategic capital rotation program to secure and increase the attractiveness and sustainability of the CA Immo asset portfolio," CA Immo announced.

"The sale of the R70 Business Center is one of a series of real estate transactions that highlights the increasing importance of local investors in Hungary," Cerha Hempel Partner Wilhelm Stettner added.

Cerha Hempel's team included Budapest-based Stettner and Vienna-based Partner Mark Krenn.

Editor's Note: After this article was published, Kalman & Partners confirmed that it had advised Epkar. The firm's team included Managing Partner Bence Magyari, Partner Gergely Bogdan, Senior Tax Advisor Klaudia Sari, and Associate Aniko Vadasz.

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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.

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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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