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CMS and DLA Piper Advise on Sale of White House Office Building in Budapest

CMS and DLA Piper Advise on Sale of White House Office Building in Budapest

Hungary
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CMS has advised GTC Hungary on the sale of the White House office building in Budapest. to Warburg-HIH Invest Real Estate. Warburg-HIH was reportedly advised by Baker McKenzie, and DLA Piper advised the financing bank.

The development of the A-class, LEED Platinum White House project on Vaci Street in Budapest was completed by GTC in 2018. The building has 22,300 square meters of leased area and it is occupied by tenants such as Jaguar Land Rover, BlackRock, and the Dutch co-working provider Spaces.

The CMS Budapest Real Estate team was led by Partner Gabor Czike and included Associate Zsofia Zsurzsa. 

The DLA Piper team was led by Partner Gabor Borbely and included Senior Associate Attila Sari.

Image Source: budapestoffices.net 

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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