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CMS Advises Atenor on Acquisition of New Site in Budapest

CMS Advises Atenor on Acquisition of New Site in Budapest

Hungary
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CMS Budapest has advised the Belgian real estate developer Atenor on the acquisition of a 19,000 square meter plot of land on the main road corridor in Budapest connecting the city center to the airport.

According to CMS, "the site provides an opportunity to build a campus of four office buildings with commercial spaces covering approximately 85,500 square meters, which will be developed in phases. Permit application for the first building is set to be submitted by the end of the year, allowing construction to begin in 2018."

As reported by CEE Legal Matters, CMS Budapest earlier advised Atenor on the development of Vaci Green office buildings A, B, and C (as reported on February 20, 2017 and February 19, 2016).

The team assisting Atenor in this recent acquisition was led by Partner Gabor Czike and included Nora Devenyi.

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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.

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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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