31
Tue, Mar
62 New Articles

Noerr Budapest Advises on Hungarian Matters Related to Acquisition of IDI Gazeley's European Division

Noerr Budapest Advises on Hungarian Matters Related to Acquisition of IDI Gazeley's European Division

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

Noerr, working alongside global counsel Mayer Brown, has advised IDI Gazeley on the USD 2.4 billion acquisition of its European division, Gazeley, by the Singaporean warehouse operator Global Logistic Properties. GLP acquired Gazeley from the portfolio of the Canadian real estate investor Brookfield Asset Management.

According to Noerr, "Gazeley, the European division of global logistics company IDI Gazeley, is a leading investor and developer of logistics warehouses and distribution parks with a 33 million square foot portfolio concentrated in Europe’s key logistics markets, namely the UK, Germany, France and the Netherlands."

Noerr advised IDI Gazeley on the legal aspects of the transaction in Germany and Hungary. The lead advisor from Noerr was Berlin-based Partner Astrid Frense, working with Budapest-based Partner Zoltan Nadasdy, and Berlin-based Associates Phil Patrick Beetz, Elfi Ludecke, and Hanna Pirlich.

Hungary Knowledge Partner

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.

Firm's website.

Our Latest Issue