Kinstellar Advises on Sale of Office Garden I in Budapest

Kinstellar Advises on Sale of Office Garden I in Budapest

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Kinstellar has successfully advised on the sale of the Office Garden 1 building to FLE GmbH, part of the French LFPI group.

The property covers 16,000 square meters of leasable area, with international tenants including Tata, Hewlett Packard, and Sophos.

The Kinstellar team was led by Partner Anthony O’Connor, who commented that: “We are pleased to have had the opportunity to advise on the disposal of such a high quality office asset, with high occupancy and a strong tenant roster. This project was a great opportunity for our team to again showcase its expertise in the real estate sector.”

O'Connor was supported by Kinstellar Managing Associate Monika Frank, Associate Ferenc David, and Junior Associates Laszlo Palocz and Barnabas Sagi.

Editor's Note: After this article was published, bpv Jadi Nemeth announced that it had advised the Our firm carried out the pre-acquisition due diligence and provided complex advisory for the buyer FLE GmbH during the whole course of the purchase of this high quality real estate. The firm's team was led by Marc-Tell Madl and included Partner Attila Kovacs and Senior Associate Balazs Kovacs.

According to bpv Jadi Nemeth, "FLE GmbH ... is headquartered in Vienna, Austria and received full administrative and professional support of the German native speaker colleagues at bpv Jadi Nemeth." Marc-Tell Madl commented that: "We were happy to provide legal support for another German speaking client in a strategically important deal securing the first step in our client’s expansion into the CEE market."

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