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Dentons and Tenk Advise on Property Sale on Vaci Corridor in Budapest

Dentons and Tenk Advise on Property Sale on Vaci Corridor in Budapest

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Dentons has advised the Globe Trade Centre S.A. real estate company on its 100% acquisition of a real property located on the Vaci Corridor in Budapest, adjacent to GTC Hungary’s Center Point Office Buildings. The seller, Masped Zrt., was represented by the Tenk Law Firm.

According to Dentons, ”the Vaci Corridor is one of Budapest’s largest and fastest-growing office locations, on which GTC will start the development of Center Point 3 office building soon offering an additional approximately 35,000 square meters of gross leasable area of office and commercial space to the already existing space of the Center Point Office Building. With this acquisition, GTC reinforces its position as the leading developer in the Budapest property market."

The Dentons team was led by Partner Judit Kovari, supported by Associates Boglarka Zsofia Joo and Rita Varnagy and Trainee Associate Zsifia Lascsik. 

The Tenk Law Firm team was led by Managing Partner Zoltan Tenk, supported by Senior Associate Peter Stefanics and Associate Eszter Vera Toth.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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