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Noerr, Wolf Theiss, and Dentons Advise on Financing for and Acquisition of Luxus Aruhaz in Budapest

Noerr, Wolf Theiss, and Dentons Advise on Financing for and Acquisition of Luxus Aruhaz in Budapest

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Noerr has advised AEW Europe on the acquisition financing of the Luxus Aruhaz retail unit at Vorosmarty square in the heart of Budapest. The transaction was financed by UniCredit Bank AG Vienna, which was represented by Wolf Theiss.

Noerr describes Luxus Aruhas as a "magnificent and famous building in the heart of Budapest [that] was built in 1911 in Art Nouveau style and is used for residential and business purposes." The building was renovated in 2017. 

The Noerr team was led by Frankfurt-based Partner Andreas Naujoks and Budapest-based Associated Partner Edina Schweizer, and it included Frankfurt-based Partner Karsten Fink.

The Wolf Theiss team included Austrian Counsel Michaela Zakharian, Budapest-based Senior Associate Melinda Pelikan, and Budapest-based Associates Diana Boross-Varga and Laszlo Lovas.

Editor's Note: After this article was published Dentons informed CEE Legal Matters that it had advised AEW on the underlying acquisition of the building. The firm's team was led by Budapest-based Partners Judit Kovari and Marcell Szonyi and included Budapest-based Associates Anna Gerendas, Boglarka Zsofia Joo, Rita Varnagy, and Zsofia Lascsik.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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Wolf Theiss – Leading Lawyers in CEE/SEE