CERHA HEMPEL is pleased to start the year by announcing that we have successfully advised CA Immobilien Anlagen AG (CA Immo) on the sale of Millenium Tower I, an 18,800 m2 office building in Budapest, to Wizz Air.
Our team provided comprehensive legal support to ensure a smooth and efficient closing. This standout transaction highlights our expertise in real estate deals.
The transaction team comprised Wilhelm Stettner as partner and Csongor Fillár as associate.
Dr. Ingo Steinwender, Group Head of Legal at CAI: “CERHA HEMPEL is the go-to law firm in Hungary for complex real estate transactions. Their team, led by Wilhelm Stettner, combines outstanding expertise with proactive, efficient support, ensuring deals are completed seamlessly and professionally. This is the firm you want on your side for real estate deals in Hungary.”
Christoph Buchgraber, Senior Investment Manager at CAI: "Having completed our third transaction in Budapest within a year, we are seeing a strong resurgence in the investment market. This sale represents another milestone in our strategic portfolio realignment, with CERHA HEMPEL’s expertise ensuring the deal was carried out efficiently and effectively.”
Wilhelm Stettner, Managing Partner of CERHA HEMPEL Hungary: “We thank CA Immo for their continued confidence in CERHA HEMPEL and congratulate Wizz Air on the successful acquisition. We look forward on this strong start of the year.”