Albotă Law Firm has assisted Atenor, a Belgian-based urban real estate developer company listed on the Euronext Brussels market, with the agreement for the sale of Hermes Business Campus, a 75,000 sqm office campus located in the heart of Dimitrie Pompeiu business district in Bucharest.
Oana Albotă, founder of Albotă Law Firm, stated:“We are proud to be by the side of Atenor and to have assisted them with the structuring, negotiation, and signing of the agreement that lays out the terms for preparing the sale of Hermes Business Campus. This transaction comes to us as a further solid indicator of the quality that Atenor has brought about on the Romanian real estate market since 2008. It is a great satisfaction for us to witness the success of this remarkable project – Hermes Business Campus, and of the other projects that are currently being developed by Atenor in Romania, Dacia One, @Expo and UpSite. We would also like to thank Atenor’s team for their professional and constructive approach throughout the sale process.”
The agreement to sale was signed on 10 May 2021 and the sale is subject to standard conditions precedent. The project team was coordinated by Oana Albotă and included the lawyers Radu Simion, Ana-Maria Mincu and Bogdan Roscaniuc.
The buyer is the Hungarian investment fund Adventum, which manages assets worth over 250 million euros.