CMS Budapest advised the Belgian real estate developer Atenor on the acquisition of a 19,000 sqm of land on the main road corridors in Budapest connecting the city centre to the airport.

The site provides an opportunity to build a campus of 4 office buildings with commercial spaces covering approximately 85,500 sqm, which will be developed in phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018.

Previously, CMS Budapest has also advised Atenor on the development of Váci Green office buildings A, B, and C.

The team assisting Atenor was led by Czike Gábor and included Nóra Dévényi.