CMS has advised the Hungarian branch of Panattoni on a dual built-to-suit contract to develop two manufacturing facilities in Debrecen and Kecskemet, covering 30,000 square meters, for a German automotive supplier. Noerr reportedly advised the counterparty.
Panattoni is a European industrial property developer.
According to CMS, the Debrecen project involves a state-of-the-art 13,700-square-meter factory, with construction commencing in September 2023, and an anticipated handover by October 2024. The tenant is scheduled for early access in the second quarter of 2024.
The Kecskemet facility, spanning 16,600 square meters, will see its ground-breaking in October 2023, otherwise following the same schedule as the Debrecen project in terms of completion and early access.
The CMS team included Partner Gabor Czike, Senior Counsel Andras Klupacs, and Senior Associate Laszlo Jokay.
Editor's Note: After this article was published, Noerr confirmed its participation to CEE Legal Matters. The firm's team included Partner Zoltan Nadasdy and Senior Associate Eszter Hegedus.
