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Szecsenyi and Partners and Kinstellar Advise on Wing Acquisition of Liget Center

Szecsenyi and Partners and Kinstellar Advise on Wing Acquisition of Liget Center

Hungary
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Szecsenyi and Partners has advised Wing holding Zrt. on the purchase of the Liget Center office building in Budapest from the M7 Central European Real Estate Fund I, managed by M7 Real Estate. Kinstellar advised the seller on the deal, which closed at the beginning of May, 2019.

Wing holding is a property development and investment company in Hungary, and M7 Real Estate is a European investor and asset manager. 

The Liget Center was built between 1948 and 1950. In 2002 the building was completely renovated. The property consists of a 7,000 square meter office building and a nearly 3,800 square meter auditorium. It is leased to, among others, Walt Disney, OmnicomMediaGroup, OMD, PHD Hungary, Tbwa Budapest Reklamugynokseg, Heineken, and Cafe Frei. 

The Szecsenyi and Partners team consisted of Managing Partner Laszlo Szecsenyi and Attorneys-at-Law Kitti Toth and Balazs Vagvolgyi.

The Kinstellar team consisted of Partner Anthony O’Connor, Managing Associate Monika Frank, and Associate Barnabas Sagi.

Image Source: M7 Real Estate

Hungary Knowledge Partner

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.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

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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