CMS advises on the sale of the Infopark E office building by Bluehouse

CMS Budapest has advised Bluehouse Capital on the successful sale of the Infopark E office building to Diófa Asset Management. The sale is one of the largest single asset transactions in Hungary in 2015.

Infopark E is a 17,000m² office building located in Budapest with an attractive tenant mix retained at full occupancy. It is a part of the 100,000m² Infopark office complex.

Founded in 2004, Bluehouse is a private equity real estate investment management firm focused on Emerging Europe with offices in Bulgaria, Czech Republic, Romania, Croatia, Serbia and Greece.

CMS Budapest-based partner Gábor Czike, who led the CMS team on the transaction, comments: ‘We are delighted for having supported Bluehouse in its strategic business plans in Hungary. Bluehouse has been increasingly active in Central and Eastern Europe which is a good sign of the level of commitment to regional real estate by foreign investors. This has been the third successful transaction for Bluehouse in CEE over the past few days and we are extremely pleased for having supported Bluehouse in its growth plans across the region.’

The sale of Infopark E in Budapest follows Bluehouse’s recent acquisition of the Alchemia office building in Gdańsk and the acquisition of Malta House in Poznań (Poland).

The CMS team advising Bluehouse on the transaction was led by partner Gábor Czike and further comprised of József Várady and Zsófia Zsurzsa.

Bluehouse was supported by Colliers International as agent for the transaction. Diófa Asset Management was represented by Jalsovszky law firm.