Volksbank Real Estate has sold several office buildings in Budapest to Convergen Central Europe Kft. International law firm Wolf Theiss advised on sell-side.

Volksbank Real Estate Services GmbH has successfully closed the sale of three well-known office buildings in Budapest, Hungary. The portfolio consists of the Danube center, the Kálvin center and Baross 52 with a combined gross rental area of 30.000 square meters – all three buildings fit into the buyers' strategy to invest into central located buildings in the CEE regions' major cities.

The sell-side was advised by international law firm WOLF THEISS, under the lead of Budapest partner János Tóth. Beside negotiating the sale and purchase agreement and handling the completion aspects, advice on issues concerning financing, guarantee and mortgage holders, existing tenant agreements as well as merger control aspects were relevant.