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CMS and Weil Advise on Land Sale for Future MOL Headquarters

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CMS has advised Kopaszi Gat Kft. on the sale of property in Budapest to the MOL Hungarian Oil and Gas Company, which will use it for the development of its new built-to-suit office building. Weil Gotshal & Manges advised MOL on the acquisition.

The 83,000 square meter and 120-meter high building located in Kopaszi Gat — a park by the Danube River featuring paths for jogging & grassy lawns for playing — will serve as the headquarters of MOL Group from 2021 and will, in the future, be a workspace for up to 2500 employees.

According to Weil Counsel Ferenc Matrai, "we advised MOL on the acquisition and will continue to assist them with the development of the project, which is unique to some extent as this will be the first high-rise building in Budapest."

The CMS team advising Kopaszi Gat Kft. was led by Real Estate Partner Gabor Czike and included Senior Associate Andras Klupacs.

In addition to Matrai, the Weil team included Senior Associate Eva Kovacs, and Junior Associate Luca Varga.

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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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