Hungary

Hungary

Recent work highlights

Construction and development

  • Advised Goodman on the development of the largest, multibillion-forint greenfield logistics facility in Hungary.
  • Advised Pepkor Ingatlan Kft. (subsidiary of Pepco Hungary Kft.) on the planned development of Pepco’s new regional distribution centre in Gyál-Hungary (approximately 100,000m² warehouse area).
  • Advised a major German OEM on all issues concerning greenfield developments, including real estate (potential expropriation, construction permits, site acquisition, etc.), foreign investments and state aid law, corporate structure and tax.

Investment and disposal

  • Advised Atenor on the acquisition and lease agreements of a 19,000m² of land on the main road corridors in Budapest connecting the city centre to the airport and disposal of several of the “Váci Greens” office buildings.
  • Advised Futureal on the sale of Corvin office portfolio to OTP Group.
  • Advised Torony Real Estate Investment Fund (managed by Diófa Alapkezelő) on the acquisition of the Alkotás Point office Building in Buda.
  • Advised Bluehouse Capital on the sale of an office building in Buda as an asset deal.
  • Advised a US private equity firm on the disposal of one of the largest shopping centres in Hungary.

Financing

  • Advised Hypo Noe Landesbank AG on the financing of 36 small shopping centres located in the countryside of Hungary.
  • Advised MHB Bank on a complex, large volume matter, on the financing of Mammut Shopping Mall in Budapest.
  • Advised Sberbank on a high-value property financing matter, the so-called Project Atrium financing, which is one of the most effective office buildings in Budapest.
  • Advised Erste Bank Hungary on the financing of Futureal’s two office developments (Corvin 5 office park). The facility agreement was made under the so-called Growth Loan Program of the Central Bank of Hungary

 

Facts and figures

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Located in Budapest

2 real estate partners and 7 lawyers

Languages: English, German and Hungarian

Key contacts

Contact
Gábor Czike
Gábor Czike
Partner
Head of Real Estate and Construction, Hungary
T +36 1 483 4819
József Várady
József Várady
Partner
T +36 1 483 4840