CMS has advised GTC Hungary on the sale of the White House office building in Budapest. to Warburg-HIH Invest Real Estate. Warburg-HIH was reportedly advised by Baker McKenzie, and DLA Piper advised the financing bank.
The development of the A-class, LEED Platinum White House project on Vaci Street in Budapest was completed by GTC in 2018. The building has 22,300 square meters of leased area and it is occupied by tenants such as Jaguar Land Rover, BlackRock, and the Dutch co-working provider Spaces.
The CMS Budapest Real Estate team was led by Partner Gabor Czike and included Associate Zsofia Zsurzsa.
The DLA Piper team was led by Partner Gabor Borbely and included Senior Associate Attila Sari.
Image Source: budapestoffices.net