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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

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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.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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