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DLA Piper and Baker McKenzie Advise on West End Business Center Sale in Budapest

DLA Piper and Baker McKenzie Advise on West End Business Center Sale in Budapest

Hungary
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DLA Piper has advised OTP Property Investment Fund on its acquisition of the West End Business Center office building in Budapest from an international investment consortium consisting of Wing, Morgan Stanley Real Estate Investing, and CC Real. The sellers were assisted by Baker McKenzie.

The refurbishment of the office building was initiated recently, and under the agreement it will continue even after the closure of the transaction and be completed by the end of 2018. The office complex offers available office space of over 26,000 square meters, over 1,000 square meters of store area, and a two-story parking area.

Szilard Kui, Counsel and Head of Real Estate of DLA Piper in Budapest, advised OTP.

The Baker McKenzie team was led by Partner Benedek Kovacs.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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