Lakatos Koves & Partners has advised the Dubai-based Al Habtoor Group on the sale of Budapest's Rumbach Center to GalCap Europe, a real estate asset and investment manager operating in Austria and Central Europe. Cerha Hempel advised GalCap Europe on the deal.
According to LKT, “the Rumbach Center is located in the city center of Budapest, within walking distance to Deak Ferenc Ter, the main junction of the Budapest metro lines. With approximately 7,600 square meters of gross lettable space and 72 underground parking spaces, the property is entirely leased to the Budapest Public Transport Authority, which is headquartered there.”
Lakatos Koves & Partners’ team included Partner Attila Ungar and Senior Lawyer Julia Varkonyi.
Cerha Hempel's team included Partner Wilhelm Stettner and Attorney Ivett Szauftman.