November 2022 – Kinstellar is delighted to announce that it has successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of eight properties and one land plot in Budapest (Gateway Office Park, Arena Corner, Andrássy Palace and the five-part BC99 Office Park) from CPI Property Group.
After several successful transactions in the CEE region, S Immo AG once again turned to Kinstellar and worked together with our Budapest office for the first time.
The transaction is valued at EUR 238.3 million. The excellently managed buildings comprise a total lettable area of around 109,000 m² and are in outstanding condition.
The Kinstellar team was led by Barnabás Sági (Managing Associate), Co-head of the Hungarian Real Estate team, supported by Bertalan Ványa (Associate) and Anna Szilágyi (Junior Associate).