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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.

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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