CMS Budapest advises NEPI Rockcastle on EUR 275 million acquisition of Arena Plaza shopping centre in Budapest

CMS advised NEPI Rockcastle plc on the acquisition of Arena Plaza shopping centre in Budapest, through buying all the issued shares in, and claims against, Symmetry Arena Ingatlankezelo Korlatolt Felelossegu Tarsasag, the owner of Arena Plaza.

With a gross lettable area of 66,000m2, Arena Plaza is the second largest retail centre in Budapest and its EUR 275 million acquisition is considered to be one of the biggest Hungarian real estate transaction this year.

Congratulations to CMS Budapest’s Real Estate team, who represented the buyer and included real estate partners Gábor Czike, József Várady along with András Klupács, Zsófia Zsurzsa, Anikó Szűcs and László Jókay and to the CMS Budapest Banking team, who represented the banks (as sellers of the senior loan receivable) in the framework of a „Chinese Wall” arrangement and included banking & finance partner Erika Papp and Dorottya Varga-Giesz, senior associate. Corporate law matters were covered by Eva Talmacsi Corporate/M&A partner, English law specialist and Zoltán Poronyi senior associate.