BYD Makes Strategic Move with IP West Acquisition
Deal News | May 29, 2025 | CEE Legal Matters
BYD, a Chinese electric vehicle and battery manufacturing giant, has acquired the IP West office building in Budapest from CA Immo. This acquisition represents a significant step in BYD's European expansion strategy, as the building will serve as the company's European headquarters. The IP West offers approximately 32,100 square meters of leasable office space and 800 parking spaces. Legal advice was provided by Kinstellar for BYD and Cerha Hempel for CA Immo. Kinstellar's team was composed of Counsel Barnabas Sagi, Associate Bertalan Vanya, and Junior Associates Anna Szilagyi and Krisztina Varga, while Cerha Hempel's team was led by Partner Mark Krenn.
Sectors
- Automotive
- Real Estate
- Legal Services
Geography
- China – BYD is a Chinese company expanding into Europe.
- Hungary – The transaction involves the acquisition of a property located in Budapest.
- Europe – The acquisition is part of BYD's European expansion strategy.
Industry
- Automotive – BYD is a major player in the automotive industry, specifically in the electric vehicle segment.
- Real Estate – The acquisition involves an office building, which places it within the realm of real estate transactions.
- Legal Services – Legal firms Kinstellar and Cerha Hempel played key roles in advising the transaction.
Financials
- 32,100 square meters – Leasable office space in the acquired property.
- 800 parking spaces – Number of parking spaces available in the acquired property.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BYD | Buyer | Company | A Chinese electric vehicle and battery manufacturing company. |
| CA Immo | Seller | Company | The owner of the IP West office building prior to the sale. |
| Kinstellar | Legal Advisor to Buyer | Company | Provided legal advice to BYD during the acquisition. |
| Cerha Hempel | Legal Advisor to Seller | Company | Advised CA Immo during the transaction. |