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DLA and LKT Advise on OTP Acquisition of BSR Center in Budapest

DLA and LKT Advise on OTP Acquisition of BSR Center in Budapest

Hungary
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DLA Piper has advised the OTP Property Fund Management on its acquisition of the BSR Center office building on Vaci ut in Budapest from a real estate fund managed by GLL Real Estate Partners. The seller was advised by Lakatos, Koves and Partners.

The BSR Center has over 22,000 square meters of office space available, 2,000 square feet of retail space, and a 334-space underground garage. With its acquisition, which closed on November 9, the total amount of assets held by OTP Property Fund Management has grown to HUF 200 billion.

The DLA team working on this deal consisted of Counsel Szilard Kui, working alongside Senior Associate Attila Remes and Associate Bettina Boncok. Kui also led the DLA team that advised the OTP Property Investment Fund on its acquisition of the West End Business Center office building in Budapest this past summer (reported on by CEE Legal Matters on August 9, 2017). 

The Lakatos, Koves and Partners team advising GLL Real Estate Partners consisted of Partner Attila Ungar and Senior Associate Agnes Hegyi.

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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