CMS advised Futureal Group on selling an office building and a shopping mall to OTP Property Investment Fund

CMS Budapest advised Futureal Group on the sale of Skypark office building located in the centre of Budapest and Sziget Centre shopping mall to the OTP Property Investment Fund. 

The Skypark transaction was one of the largest office market transactions in the last 12 months in Budapest, which increased the value of the fund’s property portfolio to more than HUF 40bn. The construction of the class A+ complex was completed at the end of 2016 and offers 25,000 sqm of leasable space, designed to meet the needs of technology and R&D companies.

The 23,600 sqm Sziget Centre located on the outskirts of Budapest has managed to attract high-profile tenants and tripled its lease income over the last two-and-a-half years.

The CMS team assisting Futureal included real estate partners József Várady and Gábor Czike.