LKT advises GLL Real Estate Partners (GLL) on the sale of Roosevelt Office Center

LKT advises GLL Real Estate Partners (GLL) on the sale of Roosevelt Office Center

LKT advised the Munich based GLL (part of the Macquarie Group) as seller in connection with the sale of Roosevelt Office Center located on Széchenyi square / Chain Bridge, to OTP Real Estate Fund. The 26,000 sqm premium office building offers 24,200 sqm “A” category office space, supplemented by 1800 sqm commercial / catering space on ground level. The occupancy rate of the office building is over 95%, with 17 international and Hungarian enterprises renting offices here.

Attila Ungár, partner, heading the LKT Real Estate team commented: “We are very proud to advise GLL being a significant market player for over a decade, including transactions of outstanding importance in Hungary and strategic importance for the entire Central and Eastern European Office Building market.

LKT’s legal team was composed of Attila Ungár, partner, Tamás Oláh, lawyer.

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