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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

Hungary
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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

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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