Noerr’s Budapest office has advised UniCredit Bank on financing provided to GTC for the development of the 29,000 square meter Pillar office building in Budapest. CMS reportedly advised GTC on the deal.
GTC, which was established in 1994, is a real estate investor and developer operating in Poland, Hungary, Romanian, Serbia, Croatia, and Bulgaria. The Pillar office building, which is located near the Vaci Corridor in Budapest, is scheduled for completion in 2022.
Noerr’s team included Partner Edina Schweizer and Junior Lawyer Barbara Herczegfalvi.
CMS’s team consisted of Senior Associate Sandor Kovacs and Lawyer Mate Szekeres.