Kinstellar co-hosts seminar on the REIT regime for real estate investents in Hungary

On 9 November 2011, Kinstellar’s Budapest office co-hosted a client seminar with Ernst & Young on the new REIT (real estate investment trust) regime for real estate investments in Hungary. Around 20 invitees attended the event. Katalin Devald, head of Kinstellar’s Real Estate practice in Budapest, and Daniel Straub, managing associate with the Corporate practice, gave presentations on the new REIT regulations, their implementation, and the advantages and disadvantages of the new system. E&Y then presented the tax implications associated with the new regime. The event was a great success and gave the opportunity for in-depth discussions about the opportunities created by the new REIT regime.