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CMS and Kinstellar Advise on Revetas Capital's Sale of Park Center Retail Portfolio in Hungary

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CMS has advised Revetas Capital on the sale of its Park Center retail portfolio in Hungary to Granit Asset Management. Kinstellar advised Granit Asset Management via MPT Real Estate Fund.

The transaction remains subject to regulatory approval.

According to CMS, the transaction covers a portfolio comprising eight retail parks and four single-tenant retail assets located in regional cities across Hungary, with a combined gross leasable area of approximately 45,000 square meters. The properties are nearly fully leased and host a mix of international and regional tenants, including C&A, Deichmann, Intersport, and McDonald’s.

The CMS team included Partners Gabor Czike and Szabolcs Szendro, Senior Associate Laszlo Jokay, Associate Viktoria Csanyi, and Lawyer Andras Rezsnyak.

The Kinstellar team included Counsel Barnabas Sagi and Associates Bertalan Vanya and Anna Szilagyi.

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With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

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