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Schoenherr advised OTP Real Estate Fund Management, which manages OTP Real Estate Fund and Prime Real Estate Fund – two open-ended real estate investment funds – in the cross-sale of two iconic, A-class office buildings in Budapest, i.e. the Babér Office Building and Corvin4 Office Building.
The Corvin4 Office Building, located in South Pest, offers a GLA of around 25,000 sqm and is currently leased to eight tenants. The Babér Office Building is in the 13th District, with a GLA of around 23,000 sqm currently leased to OTP Bank Plc as the main tenant.
Based in Hungary, OTP Real Estate Fund is an open-ended fund that invests primarily in Hungarian real estate.
The Schoenherr advisory team consisted of László Krüpl (partner), Gergő Levente Kasó (associate) and Viktória Magyar (attorney at law).
László
Krüpl
Partner
hungary