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Szecsenyi and Partners and Kinstellar Advise on Wing Acquisition of Liget Center

Szecsenyi and Partners and Kinstellar Advise on Wing Acquisition of Liget Center

Hungary
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Szecsenyi and Partners has advised Wing holding Zrt. on the purchase of the Liget Center office building in Budapest from the M7 Central European Real Estate Fund I, managed by M7 Real Estate. Kinstellar advised the seller on the deal, which closed at the beginning of May, 2019.

Wing holding is a property development and investment company in Hungary, and M7 Real Estate is a European investor and asset manager. 

The Liget Center was built between 1948 and 1950. In 2002 the building was completely renovated. The property consists of a 7,000 square meter office building and a nearly 3,800 square meter auditorium. It is leased to, among others, Walt Disney, OmnicomMediaGroup, OMD, PHD Hungary, Tbwa Budapest Reklamugynokseg, Heineken, and Cafe Frei. 

The Szecsenyi and Partners team consisted of Managing Partner Laszlo Szecsenyi and Attorneys-at-Law Kitti Toth and Balazs Vagvolgyi.

The Kinstellar team consisted of Partner Anthony O’Connor, Managing Associate Monika Frank, and Associate Barnabas Sagi.

Image Source: M7 Real Estate

Hungary Knowledge Partner

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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