CMS advises Revetas Capital on sale of retail portfolio

CMS has advised Revetas Capital, an international real estate investment company, on the sale of Park Center retail portfolio in Hungary.

The portfolio includes eight retail parks and four single-tenant retail units located in regional cities across the country, with a combined leasable area of 45,000 sqm. The properties, mostly developed in the 2000s, are nearly 100% leased to tenants including C&A, Deichmann, Intersport, and McDonald's.

The deal will be executed as an asset deal subject to approval from the Hungarian Competition Authority.

The CMS team was led by Gábor Czike and included László Jókay and András Rezsnyák (Real Estate), Szabolcs Szendrő (Competition), and Viktória Csányi (Finance).