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CHSH Advises CA Immo and Union Investment on Sale of Aerozone Logistics Center in Budapest

CHSH Advises CA Immo and Union Investment on Sale of Aerozone Logistics Center in Budapest

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CHSH has advised CA Immo and Union Investment on the sale of the Aerozone logistics center in the suburbs of Budapest to the M7-managed fund, M7 CEREF I. 

CA Immo is a Vienna-based real estate company and Union Investment Real Estate is a German real estate investment manager, in the process completing the strategic process of CA Immo’s withdrawal from the logistics segment.

‘We sold our entire logistics portfolio in order to keep growing our core business, the office segment, profitably. At the same time, we are reducing minority holdings to raise the efficiency of our portfolio management’ added Frank Nickel, CA Immo’s CEO.

"We are happy to have again successfully contributed to CA Immo's divestment strategy streamlining its portfolio," said Mark Krenn, Head of CEE Real Estate Practice of CHSH who led the firm's team on the matter. "Again we underlined our expertise in the CEE region."

The Hungarian CHSH team was led by Budapest-based Partner Wilhelm Stettner.

As previously reported, Kinstellar advised M7 on the deal.  

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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