Cerha Hempel has advised CA Immo on the sale of the Vizivaros Business Center in Budapest to the FLE SICAV FIS real estate fund managed by FLE. CMS advised the buyer.
According to Cerha Hempel, “located in the 'Central Buda' office district in the west of Budapest, the Vizivaros Office Center has a total lettable area of around 14,200 square meters and was 96% let as of December 31, 2022.
Founded in 1987, CA Immo is listed on the ATX index of the Vienna Stock Exchange and controls property assets of approximately EUR 5.9 billion in Germany, Austria, and CEE.
Cerha Hempel’s team included Managing Partner Wilhelm Stettner and Partner Mark Krenn.
The CMS team included Partner Jozsef Varady, Senior Counsel Andras Klupacs, and Associate Mark Molnar.