Real estate and construction in Hungary

CMS

CMS is ‘proactive and dedicated to the client’s needs’. The team handles high-profile transactions and highlights included advising Nepi Rockcastle on its €275m acquisition of the Arena Plaza retail centre in Budapest and assisting Goodman with the construction and letting of a greenfield logistics facility. Department head Gábor Czike is ‘focused on the deal’ and József Várady is 'a tough negotiator’. Senior associate András Klupács is also a key member of the team.

Dentons

Dentons advised Marathon Asset Management and MCAP Global Finance on the financing and acquisition of Népliget Center Office Building from GLL Real Estate Partners. It also assisted Starwood Capital Group with its €75m acquisition of Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group. Judit Kővári heads the team and Marcell Szőnyi is ‘super responsive’. Ádám Kaplonyi is now with KPMG Legal Tóásó Law Firm.

Lakatos, Köves and Partners

Lakatos, Köves and Partners advises on real estate financing, development projects, acquisitions and disposals, and the team also handles portfolio management. It is advising GLL Real Estate Partners on its Hungarian real estate projects. Attila Ungár heads the team, which includes associates Ágnes Hegyi and Zsuzsanna Ilyés. Tamás Balogh has joined from Schoenherr Hetényi Ügyvédi Iroda .

DLA Piper

DLA Piper Hungary’s ‘quick response times, reliability, flexibility and understanding of real estate transactions’ are praised by clients. The team advised Wing on a build-to-suit transaction for the new central office building of Magyar Telekom and assisted Lanebridge Investment Management with the €275m sale of Arena Plaza to Nepi Rockcastle. The team is led by Szilárd Kui. Gábor Borbély and senior associate Attila Remes are other key contacts.

Hegymegi-Barakonyi and Partner Baker & McKenzie Attorneys-at-Law

Hegymegi-Barakonyi and Partner Baker & McKenzie Attorneys-at-Law stands out for its experience in handling high-value, cross-border real estate transactions. It advised Dereif Sicav on its €54m acquisition of the Eiffel Palace office building. The ‘experiencedBenedek Kovács leads the team.

Oppenheim Ugyvedi Iroda

Notable work for the 'flexible' team at Oppenheim Ugyvedi Iroda included advising Lone Star and Hudson Advisors on the sale of a retail park in Hungary and advising IAD Investments on the €15m acquisition of logistics buildings in Dunaharaszti. Department head Márk Pintér , who is 'a very experienced and well-known practitioner', and senior associate Janos Fodor are the key names.

Siegler Bird & Bird Ügyvédi Iroda

At Siegler Bird & Bird Ügyvédi Iroda, counsel Ferenc Mátrai acts for various governmental bodies on property development projects and advised on the development of the Duna Aréna and a new national football stadium. Mátrai and managing partner David Dederick assisted Marriott International with the establishment of a new Ritz-Carlton Hotel in Budapest. Senior associates Éva Kovács and Zoltán Tarján are also noted.

Andrékó Kinstellar

Andrékó Kinstellar regularly advises on asset management, and also handles real estate financing, as well as developments, acquisitions and disposals. It assisted SK Innovation with the establishment of a greenfield electric vehicle battery manufacturing plant in Hungary. Team heads Anthony O’Connor and managing associate Mónika Frank are recommended, as is senior associate Marcell Horváth.

Cerha Hempel

The ‘deal-driven’ team at Cerha Hempel is active across real estate transactions and developments, as well as financing, property management mandates and disputes. It advised CA Immo on the sale of an office building in Budapest. Practice head Wilhelm Stettner ‘combines excellent legal knowledge with sharp commercial understanding’ and Attila Marjai is also a key name.

Deloitte Legal Erdos and Partners Law Firm

Deloitte Legal Erdos and Partners Law Firm advised Horváth Rudolf Intertransport on the acquisition of the Prologis Park Hegyeshalom and advised Graphisoft on its transformation to a REIT. Team head Gábor Gömöri, Gabor Erdös and senior associate Gábor Babus are recommended.

Kapolyi Law Firm

Kapolyi Law Firm is praised for its ‘professionalism’ and is active across a range of commercial, residential, industrial and hotel property work, and also has experience in advising on greenfield and brownfield investments. Stewart Title, Takarék Invest Befektetési és Ingatlankezelő and GTC White House are clients. Managing partner József Kapolyi and Sándor Habóczky lead the team. Mónika Kapetz and Zita Orbán are also key names.

KCG Partners Law Firm

The ‘practical’ team at KCG Partners Law Firm places 'a strong emphasis on understanding the business needs of its clients’ and is experienced in industrial developments and construction mandates. Lego is a key client. Managing partner Eszter Kamocsay-Berta and Gabriella Gálik, who is ‘very strong in construction law and industrial real estate developments’, lead the team.

Noerr

Noerr's team is ‘focused on practical solutions’. Headline work included advising Prologis Group on the sale of Logistics Park Hegyeshalom to Horváth Rudolf Intertransport. Real estate investment head Zoltán Nádasdy is recommended, as are senior associates Ádám György Bodor and Szilvia Andriska.

Partos & Noblet in co-operation with Hogan Lovells International LLP

The ‘well-established’ team at Partos & Noblet in co-operation with Hogan Lovells International LLP includes Christopher Noblet and Sándor Békési, who are praised for their ‘fast turnaround times’ and ‘measured advice’. Noblet led advice to Goldman Sachs on the sale of Central Udvar, a mixed-use complex, to GalCap. Békési is assisting Lone Star with leasing, site management issues and acquisition matters relating to the Budapest Mammut Shopping Centre.

Schoenherr Hetényi Ügyvédi Iroda

Schoenherr Hetényi Ügyvédi Iroda is ‘very customer focused’, ‘reliable’, and is ‘able to keep to deadlines’. It advised Magna Automotive Europe on the long-term lease of a new production facility in Hungary. Managing partner Kinga Hetenyi and Zita Albert lead the team. Tamás Balogh joined Lakatos, Köves and Partners.

Szabo Kelemen & Partners Attorneys

Szabo Kelemen & Partners Attorneys is advising CTP Management Hungary on greenfield investments and assists Multi Group with the day-to-day management of Allee Shopping Mall. Department head Tamás Szabó, Levente Kálmán and Domonkos Kiss are recommended.

Szecskay Attorneys at Law

Szecskay Attorneys at Law handles real estate acquisitions and developments, and the team is particularly experienced in greenfield investment projects. It advised Alternative Economics Secondary School on the purchase of a new building for the establishment of an elementary school. Team head Patrick Tausz and Attila Jásdi are key members of the team, as are junior associates Evelin Szőke and Regina Pszilosz.

Allen & Overy

Allen & Overy is noted for its real estate finance expertise. Counsels Balázs Sahin-Tóth, who heads the team, and Károly Fóti are the key figures.

bnt | attorneys-at-law

bnt | attorneys-at-law is praised for its ‘fast responses’. Rainer Tom heads the team and associated partner Gyula Horváth is also a key figure.

bpv JÁDI NÉMETH Attorneys at Law

bpv JÁDI NÉMETH Attorneys at Law handles a range of real estate transactions and disputes. Managing partner Andrea Jádi Németh is the key contact.

Forgó, Damjanovic & Partners Law Firm

Forgó, Damjanovic & Partners Law Firm advised Bank of Ireland, as mortgagee, and Nama on a transaction aimed at the sale of a Hungarian SPV holding two adjacent pieces of land for commercial development. Longrent is also a key client. Gábor Damjanovic heads the team and Zoltán Forgó is also noted.

Jalsovszky

Jalsovszky handles transactions involving commercial, residential and industrial properties. It also regularly advises on real estate-related tax matters. Managing partner Pál Jalsovszky and senior associate Péter Gyimesi lead the department.

Lohn Law Firm

Headline work for Lohn Law Firm included advising Özyer Group and its Hungarian subsidiary Melis Investment on the purchase of South Klotild Palace, a landmark building in downtown Budapest, for a hotel development. Managing partner Balázs Lohn and Balázs Kis lead the team. Márta Mráz handles real estate disputes.

Nagy és Trócsányi Ügyvédi Iroda

Nagy és Trócsányi Ügyvédi Iroda advised Marks & Spencer on the termination of its leases relating to its exit from Hungary. Managing partner Péter Berethalmi heads the team and Viktória Szilágyi is also recommended.

Réti, Várszegi and Partners PwC Legal

The ‘reliable and accurate’ team at Réti, Várszegi and Partners PwC Legal  is active across investments and sale and purchase transactions and also handles real estate disputes and financing mandates. László Réti, Zoltán Martonyi, Dóra Horváth and the ‘professionalEszter Gally head the team.

Sándor Szegedi Szent-Ivány Komáromi Eversheds Sutherland

The ‘professional’ team at Sándor Szegedi Szent-Ivány Komáromi Eversheds Sutherland is led by Richárd Eördögh and Ildikó Szegedi. The team handles a range of real estate transactions and is particularly experienced in the acquisition and rezoning of arable lands. Ágnes Szent-Ivány and Péter Sándor are also key figures.

Sárhegyi & Partners Law Firm

The ‘very capable’ team at Sárhegyi & Partners Law Firm provides ‘correct and feasible solutions’. Managing partner Beatrix Bártfai heads the team, and associates Orsolya Szilágyi and István Tóth are also recommended.

Szécsényi és Társai Ügyvédi Társulás

Szécsényi és Társai Ügyvédi Társulás advises on real estate transactions and regularly assists with the management of real estate portfolios. CPI Property Group and Wing are key clients. Managing partner László Szécsényi and Dániel Kellner are recommended.

Wolf Theiss Faludi Erős Ügyvédi Iroda

Wolf Theiss Faludi Erős Ügyvédi Iroda  advises CTP Group on its real estate acquisitions and development projects in Hungary and assisted Enlight Renewable Energy with the acquisition of three solar renewable energy investment projects in Hungary. János Tóth, who heads the property transaction practice, managing partner Zoltán Faludi and senior associate Melinda Pelikán are key names.