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Oppenheim and CMS Advise on Sale of Dunaharaszti Industrial Park to IAD Investments

Oppenheim and CMS Advise on Sale of Dunaharaszti Industrial Park to IAD Investments

Hungary
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Oppenheim has advised IAD Investments, an independent Slovak asset management company, on the acquisition of the Dunaharaszti industrial park on behalf of its Prvy Realitny fond. The seller, IPD, was advised by CMS Hungary.

The Dunaharaszti Industrial Park is approximately 15 kilometers from the center of Budapest. Its warehouses offer nearly 27,000 square meter of leasable area of logistics space, and its storage units are currently fully leased. The composition of tenants is a mix of Hungarian branches of large multinational companies and local, small, and medium-sized companies.

According to Oppenheim, "the purchase of the logistics complex is the first acquisition of IAD Investments in Hungary and represents a successful entry into the Hungarian real estate market.”

Vladimir Bolek, member of the Board at IAD Investments, said: "This concluded transaction means the entry of Prvy realitny fond into the Hungarian logistics market and it is part of our strategic goal to become an active investor in all CEE markets by creating funds investment platforms for investors with a geographic focus on CEE countries.“

Oppenheim's team included Partner Mark Pinter, Senior Associate Janos Fodor, and Junior Associate Judit Haraszti.

The CMS team included Partner Gabor Czike and Associate Zsofia Zsurzsa.

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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