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