03
Mon, Mar
89 New Articles

LKT and CMS Advise on Horizon Development’s Sale of Szervita Square Building to Union Investment

LKT and CMS Advise on Horizon Development’s Sale of Szervita Square Building to Union Investment

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Lakatos, Koves & Partners has advised Horizon Development on the sale of the commercial part of its Szervita Square Building to Union Investment. CMS advised the buyer.

According to LKT, the "Szervita Square Building is an exceptional technical and aesthetic quality downtown Budapest asset with a diverse tenant mix and over 95% commercial occupancy level. The office and retail areas are well separated from the top floor luxury residential units in all aspects, which made the asset suitable for investment for institutional investors."

"The successful sale of the Szervita Square Building to a German core investor – re-entering the Hungarian property investment market with the current transaction – proves the international development competence and extremely high quality and sustainability standards of Horizon Development," LKT Partner Attila Ungar commented.

The LKT team was led by Ungar and consisted of Lawyers Julia Varkonyi, Agnes Hegyi, Kata Molnar, Csenge Varadi, and Agnes Abraham.

The CMS team included Partners Jozsef Varady and Gabor Czike, Senior Counsel Andras Klupacs, and Senior Associate Zsofia Zsurzsa.

Hungary Knowledge Partner

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.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

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.

Firm's website.

Our Latest Issue