GTC, advised by Dentons, acquires Váci Corridor property
Global Trade Centre S.A. (GTC), a CEE commercial real estate company based in Poland, has acquired 100% of a property located at Váci út 85, next to GTC Hungaryʼs Center Point Office Buildings, according to a press release sent to the Budapest Business Journal. Law firm Dentons advised the company in the process.
Center Point (photo by gtc.com)
The acquired property is located on the Váci Corridor, where GTC is soon set to start the development of the Center Point 3 office building. It will offer additional gross leasable office and commercial space of around 35,000 square meters to the current space of the Center Point Office Buildings.
"Dentons delivered a high-quality and full-service legal solution to assist us on this transaction, and we value their capabilities and experience," said Robert Snow, CEO of GTC Hungary.
"We are proud to have had the opportunity to support our long-term client GTC in this transaction," said partner Judit Kővári, head of Dentons’ Budapest Real Estate group. "Our sustained work for one of the leading real estate players in the region is a strong endorsement of our trusted advisor status in this sector," she added.
The Dentons team which advised on the deal was led by Kővári, with support from associates Boglárka Zsófia Joó and Rita Várnagy, as well as trainee associate Zsófia Lascsik.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.