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Real Estate

We offer the benefit of long-standing experience in the real estate market, having advised on some of the biggest logistics, office and retail transactions in Central and South Eastern Europe to date. In an increasingly active property market, we can advise you on complex cross-border property portfolio sales and acquisitions across the region and we can provide industry-specific advice such as leasing agenda, construction and development projects and construction litigation.

Whether you are in the logistics, retail, office, residential, hotels, infrastructure, renewable energy or student accommodation sectors, we have the specialists to help.

Through decades of experience of doing deals across Europe, our multi-jurisdictional teams adhere to the same templates, processes and standards, including project management. This means we can deploy specialist teams to advise you immediately, irrespective of where the real estate assets are. If you are launching or operating a real estate fund or setting up a real estate related joint venture, our funds and corporate experts can give you country-specific support. This approach allows us to guide your tax, planning, debt financing, construction and management issues in addition to your traditional real estate portfolio and property management work.

The dedicated seven-strong Real Estate Team in Hungary is among the top legal advisors on the market. The team advises a premier clientele and often acts on the largest domestic and cross-border transactions. Head of the practice is the first Hungarian lawyer amongst RICS members.

"CMS Hungary has a very strong real estate team which has a large expertise in relation to a wide range of development projects. The team has an in-depth knowledge of the commercial real property market, and they are familiar with advising on the largest real property transactions in the region."

Chambers, 2023

If you are searching for real property expertise, strategic thinking and commercial-mindedness, this is the team to call.

Chambers
10/07/2019
Highlights of experience in Real Estate & Construction in Hungary
NEPI Rockcastle on its EUR 275 million acquisition of the Arena Plaza, the second largest retail centre in Budapest by means of (i) purchase of all the issued shares in and shareholder loan receivables...

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24/05/2024
Real estate finance law in Hungary
A. Mortgages 1. Can security be granted to a foreign lender? Yes. 2. Can lenders take a mortgage over land and buildings on the land? Land and the buildings erected on it are generally treated as one...
14/05/2024
EU introduces criminal offences and penalties for sanctions violations
Criminal offencesUnder the Directive, the following conduct constitutes a criminal offence when committed intentionally and in violation of restrictive measures or a national provision implementing restrictive...
13/05/2024
UK's Accession to the 2019 Hague Convention to ensure enforcement of UK...
In January 2024, the UK acceded to the 2019 Hague Convention, which unequivocally permits the enforcement of UK court judgments, regardless of whether a jurisdiction clause is ex­clus­ive/sym­met­ric­al.The...
08/04/2024
Hungary proposes ex-ante competition tool to regulate essential companies
On 2 April 2024, the Hungarian Ministry of Justice submitted an omnibus act to the Hungarian parliament proposing the amendment of several Hungarian laws, including the Competition Act. This Proposal’s...
22/03/2024
Hungary establishes categorisation of investment funds and introduces new...
According to the decree, there will now be four main types of funds based on their primary asset categories: securities funds, real estate funds, venture capital funds and mixed funds. In addition, there...
19/03/2024
Hungary adopts new regulations on occupational Safety and Health fines...
The Hungarian parliament recently adopted amendments to certain government regulations on occupational matters, and new government regulations on the detailed rules for the amount and imposition of occupational...
01/03/2024
Pre-conditions to arbitration and the FIDIC 2nd Edition
Amendments to the FIDIC 2nd Edition contracts published in November 2022 have narrowed the definition of “Dispute” to more closely align it with the pre-conditions to DAAB and arbitration proceedings...
23/02/2024
The CBAM – what is it and how will it affect the market?
Regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (CBAM) entered into force on 17 May 2023. The implementation of the CBAM has been divided into a transitional period (from 1...
13/02/2024
Hungary makes changes to labour law, occupational health and safety at...
Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian...
02/02/2024
Hungary’s Architecture Act to reshape architecture, zoning and urban landscape
On 22 December 2023, the Hungarian parliament adopted Act C of 2023 on the Hungarian architecture, which marks a significant shift in the country’s architectural landscape, consolidating and streamlining...
02/02/2024
Hungary extends grid connection long-stop-date for new power plants
On 31 January 2024, the Hungarian government adopted the amendment to Government Decree 526/2022. (XII. 16.) that amends the Electricity Act regarding rules for grid connection. Under the original Grid...
25/01/2024
Emerging Europe M&A Report 2023/2024
Despite geopolitical tensions, fears of recession and strong inflationary pressures across the EU, as well as the fiscal tightening needed to contain them, M&A in the CEE region has remained reasonably buoyant. Findings from the CMS Emer­ging Europe M&A 2023/24 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. Welcome to the 2023/24 edition of the Emerging Europe report.