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CMS and DLA Piper Advise on Sale of White House Office Building in Budapest

CMS and DLA Piper Advise on Sale of White House Office Building in Budapest

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CMS has advised GTC Hungary on the sale of the White House office building in Budapest. to Warburg-HIH Invest Real Estate. Warburg-HIH was reportedly advised by Baker McKenzie, and DLA Piper advised the financing bank.

The development of the A-class, LEED Platinum White House project on Vaci Street in Budapest was completed by GTC in 2018. The building has 22,300 square meters of leased area and it is occupied by tenants such as Jaguar Land Rover, BlackRock, and the Dutch co-working provider Spaces.

The CMS Budapest Real Estate team was led by Partner Gabor Czike and included Associate Zsofia Zsurzsa. 

The DLA Piper team was led by Partner Gabor Borbely and included Senior Associate Attila Sari.

Image Source: budapestoffices.net 

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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