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Oppenheim and Ormos Advise on Lease of Skanska Mill Park Space to IT Services Hungary

Oppenheim and Ormos Advise on Lease of Skanska Mill Park Space to IT Services Hungary

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Oppenheim has advised Skanska on its December 2016 agreement to lease a 17,300 square meter space in its Mill Park complex in Budapest to IT Services Hungary, the largest ICT employer of Hungary, starting in Q2 2018. The Ormos Law Firm advised ICT Services Hungary on the deal, which Oppenheim claims was "the second biggest office leasing transaction in Hungary in 2016."

Skanska’s Mill Park project, located in the 9th district of Budapest, will reportedly consist of two office buildings with a total leasable area of approximately 36,000 square meters. The office complex is already more than 70% leased. It will be delivered in two phases during 2018 and is expected to receive LEED Gold certification.

The Oppenheim team was led by Partner Mark Pinter.

The Ormos Law Firm team was led by Gabor Szelenyi.

Image Source: group.skanska.com

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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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