21
Thu, Nov
61 New Articles

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

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

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