BYD has acquired the IP West office building in Budapest from CA Immo.
BYD is a Chinese electric-vehicle and battery-manufacturing company.
IP West offers approximately 32,100 square meters of leasable office space and 800 parking spaces. According to the Kinstellar law firm, which advised BYD on the deal, “the transaction marks a pivotal moment in BYD’s European expansion strategy as the IP West building is set to become the company’s European headquarters.”
The Cerha Hempel law firm advised CA Immo on the deal.
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