About us
Aréna Pláza
2017
Symmetry Arena Kft, the owner of Arena Plaza, sold a majority stake for NEPI Rockcastle making an investment for a total consideration of €275m.
Deloitte acted as a financial advisor, CBRE acted as real estate advisor to the Seller.
Our Expert's thoughts:
“We saw a high level of competition during the transaction process given that Arena Plaza is ranked as the 2nd largest retail center of Budapest with remarkable operational performance. Our UK and Hungarian teams worked closely together to meet complex project challenges (i) liaising with a large pool of international potential investors to increase competition, (ii) create a transaction structure ensuring maximisation of return for existing shareholders and lenders, which would also be acceptable for the new investor, (iii) in a tax compliant transaction structure while (iv) smoothly managing a transaction with 100+ stakeholders.”