PeliPartners assisted Forte Partners Group in the sale of U Center 1 to Pavăl Holding, the investment vehicle owned by Dedeman's founders, in one of the most important real estate transactions of 2022.
PeliPartners provided legal assistance in the negotiation and execution of the transaction documents.
The U Center 1 building, which is the first phase of the U Center project located in the central area of Bucharest, near Carol and Tineretului parks, was completed in the third quarter of 2021. The building with a leasable area of almost 31,000 sqm is LEED Platinum certified, and tenants include Endava, Booking, Up Romania and Glovo.
"We are delighted to be close to our client Forte Partners in one of the most important real estate transactions of 2022. We are glad to be able to assist our partners with legal advisory services tailored to a dynamic, ever-expanding market," said Oana Bădărău, Partner PeliPartners.
"Many thanks to Oana and her team for their assistance in a new and successfully completed transaction. We always appreciate the ability of our lawyers to use their extensive legal expertise to find pragmatic and efficient solutions during the negotiations in order to complete the transaction in a very ambitious timeframe," said Ruxandra Măcelaru, Head of Legal Forte Partners.
The PeliPartners team was coordinated by Oana Bădărău (Partner) and included Denisa Frîncu (Associate).
PNSA advised Pavăl Holding in the acquisition.