Budapest--Dentons advised real estate investor and developer NEPI Rockcastle on the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping center in Budapest, from leading global private equity firm Lone Star, for EU254 million. With this transaction, NEPI Rockcastle becomes the owner of two shopping malls in Budapest, following last year's purchase of Arena Plaza. The investment is part of NEPI's strategic plans to enhance its shopping mall portfolio in Central and Eastern Europe (CEE).

Mammut is the largest shopping and entertainment center on the Buda side of the city, located at Szell Kalman Square, the busiest interchange hub in Buda. It offers 61,300 m2 of total gross leasable area in two buildings connected via a double-level pedestrian bridge.

"We were very pleased to support our client on this significant transaction," commented Judit Kovari, head of Dentons' Real Estate group in Budapest. "This deal is a major real estate transaction for the Hungarian market and is a great example of Dentons' ability to advise international players on their real estate projects in Hungary."

The Dentons team on the deal was led by partners Judit Kovari, Marcell Szonyi and Edward Keller, assisted by partners Anita Horvath and Gergely Horvath as well as counsel Gabor Kiraly, associates Rita Varnagy, Anna Gerendas, Boglarka Zsofia Joo, Janos Csaki, Reka Szaloky and Andras Peisch, and trainee associates Zsofia Lascsik, Nora Jakab, Eszter Szolnoki, Monika Eiselt, Marcell Kovari and Tamas Enzsol.