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LKT Advised VGP on Site Acquisition Near Budapest Airport

LKT Advised VGP on Site Acquisition Near Budapest Airport

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Lakatos Koves & Partners has advised VGP on the acquisition of a 38-hectare development site in Ullo, next to Budapest’s Liszt Ferenc International Airport. Szabo Kelemen & Partners Andersen Attorneys reportedly advised the sellers.

VGP is a pan-European provider of logistics and semi-industrial real estate.

According to LKT, “the development potential of VGP Park Budapest Aerozone is approximately 125,000 square meters. The park accessibility is excellent from the Budapest ring road, M0, and M4 motorway and from all the arriving and departing planes at the airport. The park will consist of three buildings ranging from circa 30,000 square meters up to over 60,000 square meters in area. Construction will start during 2021 for the first building.”

LKT’s team included Partner Atilla Ungar, Senior Lawyer Tamas Balogh, and Lawyers Kata Molnar, Szandra Remete, and Csenge Varadi.

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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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