PeliPartners assisted AFI Europe, a leading real estate development and investment company in Central and Eastern Europe and a prominent player on the Romanian market, in the negotiation and signing of the pre-sale agreement for the acquisition of 75% of the participation in the project company developing “Casa Radio”, a public-private partnership, from a company controlled by Plaza Centers NV.
The PeliPartners team was coordinated by Francisc Peli and Oana Bădărău and included Alexandra Ioniță (Senior Associate).
“Our involvement in this transaction comes as a recognition of our lawyers’ expertise in PPP-related work, acquired during the most intense periods of these projects. We are delighted to having been involved in a landmark transaction on the market that also allowed us to help our client in strengthening its position on the local market while also venturing in new areas.” says Francisc Peli, Managing Partner at PeliPartners.
“The transaction was highly complex due to the overall context of the project and the intricate legal issues raised throughout the negotiation process. We are proud and thankful to our client for the opportunity to assist in this matter.” says Oana Bădărău, Partner and Head of the Real Estate & PPP practice at PeliPartners.
First built during the communist regime, Casa Radio is a staple in the urban landscape of Bucharest. The first phase of the project consists of the development of a mixed-use project that includes an office building and a shopping mall.