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DLA Piper Advises Erste Bank on EUR 60 Million Loan to Futureal

DLA Piper Advises Erste Bank on EUR 60 Million Loan to Futureal

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DLA Piper has advised Erste Bank on a EUR 60 million loan to Futureal for the realization and operation of the second phase of Budapest One for a period of more than 10 years.

According to Futureal, “the 25,000 square meter first phase of the complex was handed over at the beginning of 2020. The construction of the nearly 20,000 square meter second phase and the 19,000 square meter third phase is progressing according to plan as they already reached their highest point in May this year. The office park with 3,500 square meters of commercial space is also complemented by 2,500 square meters of green space. Tenants will be able to move into the premises of the last two phases in the second half of 2022.”

DLA Piper did not reply to our inquiry on the matter.

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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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