20
Sat, Jul
60 New Articles

DLA Piper Advises on Roseville Office Building Sale

DLA Piper Advises on Roseville Office Building Sale

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

DLA Piper has advised the RV Ingatlan Befektetesi Alap fund on its acquisition of the Roseville office building in Budapest from Atenor.

Atenor is a real estate developer listed on the Euronext Brussels market.

According to DLA Piper, Roseville is a “newly completed Grade A+ office building with BREEAM ‘Excellent’ rating located in North Buda. Roseville is Atenor’s flagship development [and] one of the most prestigious office buildings in Budapest, with its premium location and sustainable design. The building, which opened in the summer of 2023, is occupied by international companies such as Veeva Systems, L’Oreal, and Red Bull.” The building offers approximately 15,500 square meters of space.

"The significance of the deal is enhanced by the fact that this year has been a subdued year for the Hungarian real estate market, including the office market, due to the uncertain financing environment, with fewer and lower value transactions than last year," the firm reported.

The DLA Piper team included Partner Gabor Borbely, Attorney at Law Tamas Balogh, Senior Associates Bettina Boncok and Angela Toth, and Junior Associate Borbala Bernath.

DLA Piper could not disclose additional information on the deal.

Editor's Note: After this article was published, CMS announced it had advised Atenor on the sale. The firm's team included Partner Gabor Czike and Senior Associate Laszlo Jokay.

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.

Firm's website.

Our Latest Issue