25
Thu, Apr
38 New Articles

PeliPartners Advises GTC on Cascade Office Building Sale to Crown Holding

PeliPartners Advises GTC on Cascade Office Building Sale to Crown Holding

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

PeliPartners has advised Global Trade Center on the sale of Bucharest's Cascade Office Building to Hungarian Crown Holding Kft.

GTC is a commercial real estate company in CEE. Crown Holding is a real estate investment company active in the Hungarian and Romanian real estate markets.

Developed in 2004, the Cascade Office Building is a class-A office building with a surface of 4,300 square meters.

PeliFilip – which split into PeliPartners and Filip and Company in 2019 (as reported by CEE Legal Matters on April 2, 2019) – advised GTC in 2017 when it acquired the building from Adval Properties for EUR 9 million (as reported by CEE Legal Matters on July 13, 2017).

The PeliPartners team was led by Senior Associate Antonia Nica and included Senior Associate Oana Bucsa and Associate Adelina Iordache, supervised by Managing Partner Francisc Peli.

PeliPartners said it cannot disclose the buyer's legal advisor.

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