CEE/CIS - Hungary
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Real estate and construction

Dentons

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With a particular focus on office, retail, hotel and logistics assets, the ‘exceptionally knowledgable’ real estate team at Dentons advises on asset and share transactions, financing, and development and leasing agreements. The practice regularly advises real estate funds on sales and purchases, while also counting contractors, retailers, hoteliers and government bodies among its diverse clientele. Practice head Judit Kővári advises developers on construction and project financing matters, and investors on refinancing projects. With a strong background in real estate and across asset classes, Marcell Szőnyi handles cross-border transactions, development and asset management issues. Anna Gerendás focuses on lease and construction contracts and property development, while Rita Várnagy advises on the gamut of real estate transactions, including joint ventures and M&A.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Quick responses with concise and reliable answers. Ability to put their experience into use when compiling both SPA and leasing work.’

  • ‘Outstanding experience in real estate in the Hungarian market, there is no huge transaction where the Dentons RE team would not be on either side. Efficient, still trustworthy.’

  • ‘Judit Kővári - with her decades of experience she is definitely the most experienced and professional real estate lawyer on the market, she has solutions and suggestions for literally any situation, if negotiations get stuck. She is calm, reliable and that helps the clients to keep their focus on the deal.'

  • 'Rita Várnagy - absolute rising star, she is efficient, quick, available and great ideas, alternative solutions, trustworthy and her 'can do' approach gives comfort to her clients. Watch out for her in the next couple of years.’

  • 'Strong track record and experience across all the segments (transactions, asset management, financing and leasing).'
  • 'The Dentons real estate team comprises of excellent individuals with reliable knowledge on cases and their legal backgrounds. The team is very well and consciously elaborated to provide individuals with exceptional knowledge and capacity. They are flexible, fast and smart.'
  • 'Judit Kővári managed to provide exceptional support during the negotiations and a great ability to understand the intention of the client. Marcell Szőnyi is an excellent lawyer who can always provide the best legal advice and adjust to the commercial needs of the client.'
  • 'The team is exceptionally knowledgeable. The team demonstrated valuable expertise in real estate and finance when it comes to both knowledge and experience.'

Key clients

  • Globe Trade Centre S.A. (GTC)
  • Extreme Digital-eMag Korlátolt Felelősségű Társaság
  • SEIREN Hungary Kft.
  • HB Reavis Real Estate Investment SA
  • Groupama Gan REIM
  • Codic
  • CPI Property Group
  • Krisztina Pláza Holdings Korlátolt Felelősségű Társaság |(Hungarian joint venture company of White Star and AIG)
  • Hungarian Football Association (Magyar Labdarúgó Szövetség – MLSZ)
  • Macquarie
  • GLP

Work highlights

  • Advising Codic on the development of the Green Court multifunctional project in Budapest, and on its subsequent sale to Groupama Gan REIM.
  • Advising CPI Property Group on the sale of its Budapest office buildings portfolio to S IMMO AG.
  • Advising Groupama Gan REIM on its first investment in the CEE and on the Hungarian market, the acquisition of the Freedom Palace office building in Budapest city centre.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Judit Kővári
Hall of fameDentons
Judit Kővári is a partner and head of the Real Estate practice group of Dentons’ Budapest office. She is one of Hungary’s leading real estate practitioners advising global and regional clients in a broad range of real estate transactions, including greenfield investments, infrastructure development, zoning and permitting issues, as well as construction matters and leases, in the office, retail and industrial real estate sectors. She is the legal advisor of major real estate investors and developers.
Leading associates
Rising stars with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Rita Várnagy
Dentons
Rita Várnagy is a senior associate in the Real Estate practice group of Dentons’ Budapest office. Her practice primarily focuses on general corporate, M&A and real estate matters. She has been assisting on various transactions relating to acquisitions and corporate restructuring processes.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Marcell Szőnyi
Dentons
Marcell Szőnyi is a partner in Dentons’ Budapest office. He primarily focuses on the areas of real estate, corporate and financing transactional work, and commercial contracts. He has been involved in numerous acquisitions and disposals and high-value commercial contracts.

Practice head

The lawyer(s) leading their teams.

Judit Kővári

Other key lawyers

Marcell Szőnyi, Anna Gerendás, Rita Várnagy, Eszter Patyi

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