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Lakatos Koves & Partners and Cerha Hempel Advise on Sale of Rumbach Center

Lakatos Koves & Partners and Cerha Hempel Advise on Sale of Rumbach Center

Hungary
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Lakatos Koves & Partners has advised the Dubai-based Al Habtoor Group on the sale of Budapest's Rumbach Center to GalCap Europe, a real estate asset and investment manager operating in Austria and Central Europe. Cerha Hempel advised GalCap Europe on the deal.

According to LKT, “the Rumbach Center is located in the city center of Budapest, within walking distance to Deak Ferenc Ter, the main junction of the Budapest metro lines. With approximately 7,600 square meters of gross lettable space and 72 underground parking spaces, the property is entirely leased to the Budapest Public Transport Authority, which is headquartered there.”

Lakatos Koves & Partners’ team included Partner Attila Ungar and Senior Lawyer Julia Varkonyi.

Cerha Hempel's team included Partner Wilhelm Stettner and Attorney Ivett Szauftman.

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DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

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DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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