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CMS Advises Atenor on Sale of Vaci Greens Building A in Budapest

CMS Advises Atenor on Sale of Vaci Greens Building A in Budapest

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CMS has advised the Belgian real estate developer Atenor on the sale of Building A in the Vaci Greens complex in Budapest. 

Building A, which finished in September 2013, contains 15,700 square meters of office space, 88% of which is leased to various tenants, including General Eletric, Sykes, Enterprise, BNP Paribas Real Estate, and Budapest Bank.

The Vaci Greens complex, started in 2008 by Atenor, consists of six Class A office buildings with a total surface area of over 120,000 square meters. The complex is located in the Vaci Corridor business district of Budapest. CMS previously advised Atenor on the sale of Vaci Greens Building C to the Czech investment fund ZFPR Realitni Fond, which is managed by ZFP Investments (as reported on December 19, 2016).

The CMS team assisting Atenor included Partner Gabor Czike, Senior Counsel Jozsef Varady, and Lawyer Laszlo Jokay.

CMS did not reply to our inquiry about the identity of the buyer of Building C, nor the firm that represented it.

Image Source: vacigreens.hu

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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.

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