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CHSH and Jalsovszky Advise on Sale of Duna Center Shopping Center in Gyor

CHSH and Jalsovszky Advise on Sale of Duna Center Shopping Center in Gyor

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CHSH has advised Vienna-based real estate investor CA Immo on the sale of the special purpose vehicle that owns the Duna Center shopping mall in Gyor, Hungary, to Indotek. The Jalsovszky Law Firm advised the buyers on the deal.

The mall has a gross lettable area of approximately 16,000 square meters, and the acquisition closed at the end of 2018. As a result of the transaction, Indotek further extended its retail portfolio of countryside shopping centers in Hungary. At the same time, CHSH reports, "CA Immo sold its last commercial real estate in Hungary, leaving the retails market behind in order to further concentrate on the office segment."

"We managed to sell this commercial real estate in a favorable market environment in the wake of local portfolio streamlining," said Ede Gulyas, Managing Director of CA Immo Hungary. "In the future we aim to focus on A-category office investments which are still very promising in the CEE region.”

The CHSH team was led by Partner Wilhelm Stettner, who heads the firm's Budapest real estate team, and it included Associate Ivett Szauftman.

The Jalsovszky team was led by Senior Attorney Peter Gyimesi, working with Levente Bihari and Gabor Kerekes.

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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