Biris Goran and Schoenherr assisted in the River Development sale of The Light One office building to the investor UNIQA Real Estate 

River Development, the developer of the two integrated and multi-functional projects - Sema Parc and The Light, signed the transaction for the sale of The Light One building to the investor UNIQA Real Estate GmbH today.

River Development and UNIQA Real Estate GmbH have completed the transaction regarding the acquisition of The Light One office building, with a total leasable area (GLA) of 21,653 square meters today. 

"The Light One is a development landmark for office buildings in Bucharest and we are proud of what we have achieved.Closing this transaction today is a success for us, especially since it took place in a time marked by challenges. Selling The Light One office building will allow us to further develop the other projects we have in various stages of development in Sema Parc and The Light.” - says Ion Rădulea, founder and CEO of River Development, the developer of the Sema Parc project.

The Light One is a Class A office building, located in Bucharest on 6Q Iuliu Maniu Boulevard. It has a built area of 32,500 square meters and a structure of 2 underground floors, 10 floors and a technical floor. The building is a green building, and is certified with the BREEAM Excellent rating. It has a portfolio of premium tenants, and among the companies based in The Light One are: Regina Maria, with the largest pediatric center in the country and Kinetic, which provides physical therapy and medical recovery services for children and adults, Banca Transilvania, Comdata, Vego Holding, ON Semiconductor, Manpower Group, Sweat Concept.

The Light One is the first built of the whole The Light ensemble, which will include, at the end of the project, three distinct office buildings - The Light One, The Light Two and The Light Three, to which is added the residential segment The Light Home and related facilities.

"The Light is an outstanding development with further development phases to come. Being able to secure The Light One for UNIQA and our customers in a quite challenging market environment makes us confident to also reach our further goals in Bucharest and the CEE region." – states Thomas Erdmann, GM of UNIQA Real Estate GmbH. 

The legal counsels in the transaction were Biris Goran SPARL (for the seller) and Schoenherr (for the buyer), and the real-estate counsels were Cushman & Wakefield Echinox.

March 08, 2023 13:10
The legal conditions for extending the validity period of building permits, as p...more »
January 30, 2023 16:55
Musat & Asociatii advised HAVI Logistics SRL, one of the major players in ...more »
November 03, 2022 12:34
PNSA advised PAVĂL HOLDING, the holding company of DEDEMAN, the biggest Roman...more »
November 02, 2022 17:22
PeliPartners assisted Forte Partners Group in the sale of U Center 1 to Pavăl...more »
Govnet Next Events