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Dentons Advises Groupama Gan REIM on Acquisition of Freedom Palace in Budapest

Dentons Advises Groupama Gan REIM on Acquisition of Freedom Palace in Budapest

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Dentons has advised Groupama Gan REIM on its acquisition of the Freedom Palace in Budapest. 

According to Dentons, Groupama Gan REIM is a French portfolio management company that acted on behalf of SCPI Affinites Pierre. “This is Groupama’s second investment outside of France and the first one ever in Central Europe.”

According to the firm, “designed by Arthur Meining and built in 1901, Freedom Palace was refurbished to the highest standards and offers more than 6,500 square meters of premium office and mixed-use premises ... The investment reflects the desire and commitment of SCPI Affinites Pierre to position itself in landmark buildings located on prestigious sites and leased to quality occupiers.”

Dentons’ team included Budapest-based Partner Marcell Szonyi and Associates Franko Zsombor and Eszter Szolnoki, with further team members in Paris.

Editor's Note: After this article was published, Baker McKenzie announced that it had advised La Societe Generale Immobiliere on the sale of Freedom Palace. The firm's team included Partner Benedek Kovacs and Associates Zsofia Tillinger and Botond Tass.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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