January 2018

CHSH advises CA Immo on the sale of Infopark A office building in Budapest

CA Immobilien Anlagen AG (CA Immo), the Vienna-based real estate company listed on the Vienna Stock Exchange, successfully sold its office complex Infopark Building A in Budapest, having a floor area of 13,700 sqm, located in Infopark, the first innovation and technology park of Central and Eastern Europe.

The Buyer is Magyar Posta Takarék Ingatlan Befektetési Alap a real estate fund owned by Magyar Posta and managed by Diófa Alapkezelő Zrt.

The Real Estate Team of CHSH advised CA Immo with respect to all legal aspects of the transaction.

"We are proud that CA Immo again trusted in the services of our real estate team and that we could contribute to their ongoing portfolio optimization. Our ongoing business relationship with industry heavyweight CA Immo is the best evidence that the quality of our services is outstanding and sustainable-" says Mark Krenn, Head of CEE Real Estate Practice of CHSH.

The Hungarian CHSH team was led by Budapest based Partner Wilhelm Stettner.

“We could not have been more satisfied with the legal services received from Mr. Stettner and his colleague, Ivett Szauftman. This facilitated a smooth procedure and an easy closing. Like to the past transactions carried out with his help, Mr. Stettner managed to resolve the conflicts in a very proactive way and found easily feasible and pragmatic solutions for complex problems.”- said Ingo Steinwender, Group Head of Legal.

„Thanks to Mr. Stettner’s in-depth experience and understanding regarding the real estate market, he managed to keep focus on the main legal questions while taking into account our business interests at the same time.” said Peter Tatzl, Head of Investment Management CEE