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CMS Advises Atenor on Sale of Vaci Greens Building D

CMS Advises Atenor on Sale of Vaci Greens Building D

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CMS Budapest has advised Belgian real estate developer Atenor on the sale of Building D of the Vaci Greens complex to an unnamed Hungarian private fund.

The Vaci Greens complex, which was initiated by Atenor in 2008, includes six Class A office buildings with a total surface area of over 130,000 square meters. The complex, which is located in the heart of the dynamic Vaci Corridor business district in the Hungarian capital, has obtained the "BREEAM Excellent" environmental certificate. The 15,650 square meter Building D is already 60% pre-leased to high-profile international tenants such as Unilever, Aon, and Atos.

Previously, CMS Budapest has also advised Atenor on the sale of Vaci Green Building A (as reported by CEE Legal Matters on February 20, 2017) and  Building C (as reported on December 19, 2016).

The CMS team assisting Atenor was led by Partner Gabor Czike and included lawyers Ildiko Bodas and Mark Molnar.

CMS did not reply to an inquiry about counsel for the buyers.

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.

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