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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.

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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