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Kinstellar and Dentons Advise on S Immo's Acquisition of Budapest Office Properties from CPI Property Group

Kinstellar and Dentons Advise on S Immo's Acquisition of Budapest Office Properties from CPI Property Group

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Kinstellar has advised S Immo on its EUR 238.3 million acquisition of Budapest office properties and a land plot from the CPI Property Group. Dentons advised the seller.

According to Kinstellar, the sold properties included the Gateway Office Park, Arena Corner, Andrassy Palace, and the five-part BC99 Office Park. The buildings have a total lettable area of around 109,000 square meters.

S Immo is a Vienna-listed real estate investor and developer focusing on Austria, Germany, and CEE.

The CPI Property Group is a real estate company focusing on long-term investments and real estate leases in Central Europe and Germany.

Kinstellar previously advised S Immo on its acquisition of EXPO Business Park in Romania from Portland Trust (as reported by CEE Legal Matters on April 22, 2022). 

The Kinstellar team was led by Managing Associate Barnabas Sagi and included Associate Bertalan Vanya and Junior Associate Anna Szilagyi.

The Dentons team was led by Partner Marcell Szonyi and included Partner Gergely Horvath, Senior Associate Aron Karolyi-Szabo, Associates Rita Varnagy, Eszter Patyi, Eszter Szolnoki, Nora Jakab, and Brigitta Kovacs, and Junior Associates Zsombor Franko and Lorant Teleki.

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.

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