Szabolcs Posta has joined the Vámosi-Nagy Ernst & Young Law Office as the leader of its Real Estate legal team, bringing more than two decades of legal experience to the post, according to a press release sent to the Budapest Business Journal.
Prior to joining EY, Posta led the Real Estate Law group of White & Case LLPʼs Budapest office, and later acted as Law and Compliance director at road haulage firm Wabererʼs International, taking part in preparing and executing its entry to the stock market.
The expert has been involved in numerous real estate law transactions, commercial real estate developments, joint venture projects, and project financing and restructuring in the past two decades. His former clients include several private capital and real estate funds, as well as multinational corporations.
"The real estate market will be one of the most active areas in the upcoming years, where larger transactions require complex tax optimization, and restructuring," says Posta. "One of EYʼs advantages is that, with the cooperation of different fields and the maximum utilization of synergies, it can provide effective services alongside the rationalization of transaction costs."
"With the arrival of Szabolcs, we can build a deeper, more specialized relationship with our clients, and we can help their operations in more aspects," according to Partner Iván Sefer, head of the law office. "We can definitely feel the market demand for this. Weʼre very glad that we can broaden our team with such a great expert. With our renowned financial and company law groups, we hope that we can provide outstanding real estate law services with Szabolcs."
Posta also has plenty of international experience, having attended postgraduate courses in England and the U.S. after receiving his degree at Eötvös Loránd University (ELTE) in Budapest. Over the course of his career, he has worked in both London and New York, taking part in corporate and transaction projects.