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Noerr, Wolf Theiss, and Dentons Advise on Financing for and Acquisition of Luxus Aruhaz in Budapest

Noerr, Wolf Theiss, and Dentons Advise on Financing for and Acquisition of Luxus Aruhaz in Budapest


Noerr has advised AEW Europe on the acquisition financing of the Luxus Aruhaz retail unit at Vorosmarty square in the heart of Budapest. The transaction was financed by UniCredit Bank AG Vienna, which was represented by Wolf Theiss.

Noerr describes Luxus Aruhas as a "magnificent and famous building in the heart of Budapest [that] was built in 1911 in Art Nouveau style and is used for residential and business purposes." The building was renovated in 2017. 

The Noerr team was led by Frankfurt-based Partner Andreas Naujoks and Budapest-based Associated Partner Edina Schweizer, and it included Frankfurt-based Partner Karsten Fink.

The Wolf Theiss team included Austrian Counsel Michaela Zakharian, Budapest-based Senior Associate Melinda Pelikan, and Budapest-based Associates Diana Boross-Varga and Laszlo Lovas.

Editor's Note: After this article was published Dentons informed CEE Legal Matters that it had advised AEW on the underlying acquisition of the building. The firm's team was led by Budapest-based Partners Judit Kovari and Marcell Szonyi and included Budapest-based Associates Anna Gerendas, Boglarka Zsofia Joo, Rita Varnagy, and Zsofia Lascsik.

Hungary Knowledge Partner

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.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

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