May 2025 – Kinstellar’s Budapest office has successfully advised BYD, the leading Chinese electric vehicle and battery manufacturer, on the acquisition of the IP West office building in Budapest from CA Immo.
The transaction marks a significant step in BYD’s European expansion, with the building set to serve as its European headquarters and is expected to employ over 2,000 people.
Located in a prime Budapest office district, IP West comprises approximately 32,100 sqm of leasable office space and 800 parking spaces, making it one of the most attractive commercial real estate assets in the Hungarian capital.
The acquisition underscores BYD’s long-term commitment to the CEE region and supports the company’s goal to centralize its European operations, including innovation, R&D and high-value services.
We are proud to have supported BYD on this landmark transaction. Collaborating with such a committed and forward-looking client team on a project of this scale was both rewarding and inspiring.
Barnabás Sági, Counsel, Co-Head of Real Estate service line
Kinstellar advised BYD on all legal aspects of the transaction. The team was led by Barnabás Sági (Counsel) with key support from Bertalan Ványa (Associate), Anna Szilágyi and Krisztina Varga (Junior Associates).