The new Czech Building Act (Act No. 283/2021 Coll., the Building Act, as amended (NBA)) became effective on 1 January 2024 and gradually replaces legislation set forth primarily in Act No. 183/2006 Coll., on zoning and building regulations (Building Act), as amended (OBA).

Kocian Solc Balastik and Hillbridges have advised J&T Banka on Discovery Group’s Centro Nitra refinancing. DLA Piper reportedly advised Discovery Group.

Biris Goran and Kinstellar have advised Global Vision and Globalworth, respectively, on the sale of a logistics portfolio to WDP. PeliPartners advised WDP.

Schoenherr has advised Bontexgeo on the sale of an industrial asset in Tiszaujvaros. The undisclosed buyer was reportedly advised by sole practitioner Livia Bretscher.

Some segments of the real estate market are expected to improve slowly, while ESG considerations are becoming increasingly important, according to the DLA Piper Hungary Real Estate Intelligence Report 2024. These are the key trends shaping the Hungarian real estate market.

Wardynski & Partners has advised ACP Partners on the sale of the LivinnX dormitory originally owned by the Golub Group to Xior Student Housing.