CHSH has advised the Metrans Group on the acquisition of three significant industrial properties as well as a small Hungarian railway company in Csepel (Hungary). Metrans, a long-term client of CHSH, is a subsidiary of Hamburger Hafen und Logistik AG (HHLA) and one of the leading providers of inter-modal logistics services in Central and Eastern Europe.
The recent transaction concerned three industrial properties with a total area of approximately 23 hectares and the small railway company which, as the owner of the railway network on the properties, is responsible for all on-site railway operations. The transaction was completed in October 2015 with the conclusion of an agreement for the construction of a 165,000 m² logistics hub for the transit and handling of goods with total annual capacity of 250,000 standard containers (TEU).
"We're pleased we were able to assist the Metrans Group in connection with this transaction and thus contribute to strengthening the position of our client in Hungary", said Tamás Polauf, M&A partner at CHSH Dezső & Partner Rechtsanwälte.
The team at CHSH responsible for overseeing the transaction consisted of partners Heinrich Foglar-Deinhardstein and Mark Krenn (Vienna) and Tamás Polauf (Budapest), attorneys László Krüpl and Péter Szajlai and associate Zoltán Kolodzey.
The terminal constructed in Csepel/Budapest, which will operate as a central hub for the transit and handling of goods, in much the same way as the other sites operated by the Metrans Group in Prague and Česká Třebová (Czech Republic) and Dunajská Streda (Slovakia), is expected to become operational in 2017 and will initially create approximately 200 new jobs.