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Noerr, Wolf Theiss, and Dentons Advise on Financing for and Acquisition of Luxus Aruhaz in Budapest

Noerr, Wolf Theiss, and Dentons Advise on Financing for and Acquisition of Luxus Aruhaz in Budapest

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Noerr has advised AEW Europe on the acquisition financing of the Luxus Aruhaz retail unit at Vorosmarty square in the heart of Budapest. The transaction was financed by UniCredit Bank AG Vienna, which was represented by Wolf Theiss.

Noerr describes Luxus Aruhas as a "magnificent and famous building in the heart of Budapest [that] was built in 1911 in Art Nouveau style and is used for residential and business purposes." The building was renovated in 2017. 

The Noerr team was led by Frankfurt-based Partner Andreas Naujoks and Budapest-based Associated Partner Edina Schweizer, and it included Frankfurt-based Partner Karsten Fink.

The Wolf Theiss team included Austrian Counsel Michaela Zakharian, Budapest-based Senior Associate Melinda Pelikan, and Budapest-based Associates Diana Boross-Varga and Laszlo Lovas.

Editor's Note: After this article was published Dentons informed CEE Legal Matters that it had advised AEW on the underlying acquisition of the building. The firm's team was led by Budapest-based Partners Judit Kovari and Marcell Szonyi and included Budapest-based Associates Anna Gerendas, Boglarka Zsofia Joo, Rita Varnagy, and Zsofia Lascsik.

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DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

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DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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