Finance Monthly May 2019 Edition

56 www.finance-monthly.com TRANSACTION REPORTS Acquires Two Mixed-Use Buildings on Budapest’s Historic Andrassy Avenue Legal Adviser to AEW: Legal Adviser to the undisclosed seller: AEW has acquired two historic, mixed-use properties in Budapest on behalf of a German separate account. The two properties are neo-renaissance buildings located on the southern section of Andrássy Avenue. Nikos Koulouras, AEW’s Co-Head of Investments, says: “This acquisition provides our client with access to a high-quality investment that provides scope for value creation through active asset management. These historic buildings are in a prime location in a city which boasts a growing economy and has recorded strong retail sales, underpinning the future opportunity for these assets. We retain a strong interest in the Hungarian real estate market, which continues to offer attractive investment opportunities, and are committed to broadening our wider portfolio in this market.” Lars-Henning Pylla, Fund Manager at AEW, says: “Andrássy Avenue is one of Budapest’s most iconic streets and this transaction presents a rare opportunity to acquire two properties with historic significance. The high profile location of these properties and its desirability to tenants were compelling attributes for this mandate’s first acquisition in Hungary and we are pleased to add another CEE growth market to this portfolio.” AEW was advised by Oppenheim and Savills/Wigan Acquisitions. Oppenheim acted as legal adviser to AEW, with Partner Mark Pinter MRICS, Senior Associate Janos Fodor and Associates Judit Haraszti and Kata Szanto. Globant Acquires Avanxo Legal Advisers to Globant: Legal Advisers to Avanxo: Globant, a digitally native technology services company, has entered into a binding agreement to acquire Avanxo, a leading cloud transformation company with presence in the United States, Brazil, Mexico, Colombia, Peru and Argentina. With this acquisition, Globant continues to focus its capabilities in creating digital experiences for large organisations worldwide, expanding its broad expertise in corporate process optimisation and cloud technologies. “Avanxo shares our vision on how to deliver profound digital and cognitive transformations for the most demanding customers. With Avanxo, we’ll broaden our transformation approach as we keep bringing our digital culture to optimise our customers’ corporate processes”, explains Martin Migoya, Globant CEO and Co-founder. “We have found an amazing team that complements our model, and we are confident that this acquisition will help us propel our positioning as leaders in the digital and cognitive arena.” “With Avanxo, we are expanding our service offering along with the key partnerships Avanxo holds with Salesforce, Amazon Web Services, Google and Informatica”, added Martín Umaran, Globant Chief of Staff and Co- founder. Diego Maldonado, Avanxo Founder and CEO, said: “We are thrilled to become part of the Globant team. Globant is a premier leader in digital and cognitive transformations, recognised worldwide for its ability to incorporate cloud into its deliverables to enhance customer experience and success. Globant shares our core values focused on talent development, employee satisfaction, close alignment with our partners, and customer success. By joining Globant, we will be able to broadly expand our capabilities and provide a vehicle for growth for our employees and our partners.”