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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."

Image Source: officerentinfo.hu

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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.

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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.

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