LKT advises Indotek Group on the acquisition of significant shopping malls across Hungary

LKT advises Indotek Group on the acquisition of significant shopping malls across Hungary

LKT’s M&A and Competition Law team, headed by partner Iván Sólyom in cooperation with LKT’s Banking & Finance Team, headed by Szabolcs Mestyán advised Indotek Group, a leading owner and manager of shopping centers in the CEE region, on its acquisition of Miskolc Plaza, Duna Plaza, Győr Plaza and Corvin Plaza Shopping Centers from leading French real estate investor Klépierre, the European leader of shopping mall management company in Europe.

Iván Sólyom, M&A, Antitrust and Competition partner of LKT commented: “We advised Indotek regarding the acquisition of Duna Plaza offices in Budapest, Alba Plaza in Székesfehérvár (SW of Budapest) and Nyír Plaza in Nyíregyháza (NE Hungary) from Klépierre last year. We are proud of having advised such a significant market player, Indotek Group, on another strategic real estate acquisition and financing market transaction in connection with Klépierre’s exit from the Hungarian market.”

The LKT team advising the Buyer on the transaction consisted of Iván Sólyom, Partner (Project Leader), Szabolcs Mestyán, Partner (Finance),  Ágnes Hegyi and Tamás Balogh (Legal DD), Ágnes Ábrahám, Horváth Botond (M&A transaction), and Adrienn Mándoki (Competition).

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