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BDK Advokati, LKT, and ZSP Advise on Indotek Group’s Acquisition of GTC’s Belgrade Office Portfolio

BDK Advokati, LKT, and ZSP Advise on Indotek Group’s Acquisition of GTC’s Belgrade Office Portfolio

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BDK Advokati and Lakatos, Koves & Partners have advised Hungarian real estate investor Indotek Group on its EUR 267.6 million acquisition of 11 office buildings from Globe Trade Centre in Belgrade, Serbia. Zavisin Semiz & Partneri advised GTC on the Serbian legal aspects of the deal. The Budapest office of Dentons also reportedly advised the seller.

The deal is expected to close in the third quarter of 2021.

According to BDK Advokati, the GTC office portfolio purchased by Indotek consists of 122,175 square meters across 11 office buildings in Belgrade's Green Heart, FortyOne, Belgrade Business Center, 19 Avenue, and GTC House business parks.

The GTC Group is a real estate investor and developer operating in Poland, Budapest, Bucharest, Belgrade, Zagreb, and Sofia.

BDK Advokati’s team consisted of Senior Partner Dragoljub Cibulic, Partner Milan Dakic, Counsel Dragoljub Sretenovic, Associates Djordje Zejak, Marija Gligorevic, Mladen Vujic, and Igor Matic, and Junior Associates Tijana Martinovic, Sanja Dedovic, David Vucinic, and Luka Radojevic.

LKT's team was led by Partner Ivan Solyom, who was assisted by Associate Gyorgy Toth.

ZSP's team included Partner Stojan Semiz and Lawyers Jasna Milosavljevic-Stepanovic, Jelisaveta Stanisic, and Nikola Sugaris.

Editor's note: After this article was published, Dentons informed CEE Legal Matters that it had acted as the main legal advisor to GTC. The firm's team included Partners Judit Kovari and Marcell Szonyi, Associate Rita Varnagy, and Junior Associate Marcell Kovari. Additionally, LKT also announced the closing of the transaction. The firm also confirmed that it had advised Indotek Group on financing for the transaction provided by OTP Bank, OTP Banka Srbija, and DSK Bank. The firm’s team, working on the transaction included Partners Ivan Solyom and Szabolcs Mestyan and Lawyer Gyorgy Toth.

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