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BDK Advokati, LKT, and ZSP Advise on Indotek Group’s Acquisition of GTC’s Belgrade Office Portfolio

BDK Advokati, LKT, and ZSP Advise on Indotek Group’s Acquisition of GTC’s Belgrade Office Portfolio

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BDK Advokati and Lakatos, Koves & Partners have advised Hungarian real estate investor Indotek Group on its EUR 267.6 million acquisition of 11 office buildings from Globe Trade Centre in Belgrade, Serbia. Zavisin Semiz & Partneri advised GTC on the Serbian legal aspects of the deal. The Budapest office of Dentons also reportedly advised the seller.

The deal is expected to close in the third quarter of 2021.

According to BDK Advokati, the GTC office portfolio purchased by Indotek consists of 122,175 square meters across 11 office buildings in Belgrade's Green Heart, FortyOne, Belgrade Business Center, 19 Avenue, and GTC House business parks.

The GTC Group is a real estate investor and developer operating in Poland, Budapest, Bucharest, Belgrade, Zagreb, and Sofia.

BDK Advokati’s team consisted of Senior Partner Dragoljub Cibulic, Partner Milan Dakic, Counsel Dragoljub Sretenovic, Associates Djordje Zejak, Marija Gligorevic, Mladen Vujic, and Igor Matic, and Junior Associates Tijana Martinovic, Sanja Dedovic, David Vucinic, and Luka Radojevic.

LKT's team was led by Partner Ivan Solyom, who was assisted by Associate Gyorgy Toth.

ZSP's team included Partner Stojan Semiz and Lawyers Jasna Milosavljevic-Stepanovic, Jelisaveta Stanisic, and Nikola Sugaris.

Editor's note: After this article was published, Dentons informed CEE Legal Matters that it had acted as the main legal advisor to GTC. The firm's team included Partners Judit Kovari and Marcell Szonyi, Associate Rita Varnagy, and Junior Associate Marcell Kovari.

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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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