CERHA HEMPEL has advised CA Immobilien Anlagen AG, a company publicly listed on the stock exchange in Austria, in connection with the sale of the R70 office building in Budapest.
The transaction was structured as a share deal. Closing took place in January 2022.
The R70 office building has around 19,200m² of gross floor space and was awarded the BREEAM sustainability certificate.
For this transaction, CERHA HEMPEL was once again able to draw on the expertise of its excellent CEE network to successfully advise the client on this cross-border transaction.
"Concluding yet another successful deal for our client CA Immo underscores our expertise in real estate transactions. This transaction also shows that investors are increasingly shifting their focus to sustainable real estate," said Mark Krenn, partner at CERHA HEMPEL in Vienna, stressing the importance of sustainability issues in the real estate sector.
"We're pleased that CERHA HEMPEL Budapest was once again able to support CA Immo, one of the most important real estate investors in Hungary. The sale of the R70 Business Center is one of a series of real estate transactions that highlights the increasing importance of local investors in Hungary", explains Wilhelm Stettner, partner at CERHA HEMPEL Budapest.
CA Immo is a real estate company headquartered in Vienna with branches in seven Central European countries. Its core business involves leasing, managing and developing high-quality office buildings. The company has a high degree of in-house construction expertise and covers the entire value chain in the field of commercial real estate. Founded in 1987, CA Immo controls property assets of around EUR 5.9 billion in Germany, Austria and Eastern Europe. (ISIN: AT0000641352).