Budapest—Dentons has advised German asset manager KGAL Investment Management GmbH on its €60 million acquisition of the Kálvin Square and City Zen office buildings, totaling 26,000 sqm, in downtown Budapest, from Europa Capital.

KGAL invests in and manages properties on behalf of institutional investors. The Kálvin Square Office Building is a prominent “A” category office complex on one of the busiest traffic hubs in Budapest, surrounded by amenities. The CityZen Office Building is also “A” category, freshly renovated and BREEAM certified for its high environmental standards.

Judit Kővári, Head of Dentons’ Real Estate group in Budapest, commented, “Our rapid execution against tight deadlines enables our clients to secure prominent trophy assets. This is just one of the many ways that we are creating value for investors in the Hungarian real estate market.”

The Dentons team on the deal was led by Partner Judit Kővári, and consisted of Partner Marcell Szőnyi, Associates Boglárka Zsófia Joó, and Judit Sós and Trainee Associates Zsófia Lascsik and Kinga Négyesi.

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