RTPR has assisted Vectr Holdings, through its subsidiary Vectr Realty Holdings, in relation to the indirect acquisition of 100% stake in the company that owns The Landmark from funds managed by Revetas Capital and affiliates of Cerberus Capital Management. Vectr Holdings is a privately-owned group of companies, which is engaged in various sectors including agricultural operations, agricultural machinery distribution, fitness, and real estate in Romania.

The Landmark is one of the most representative office buildings in downtown Bucharest. With a GLA of over 23,700 sqm, the business park developed in 2016 comprises three class A office buildings and is BREEM Excellence Certified.

“Throughout the entire acquisition process, RTPR’s expertise and proactive approach helped us overcome potential hurdles and ensure the success of the transaction. We particularly appreciated their clear explanations of complex legal issues and prompt communication. Their constant support gave us the confidence that we had on our side the best team of lawyers – a team with a deep commercial understanding and fully focused on results”, said Dimitris Sophocleous, the client’s representative.

The RTPR team of lawyers involved in this project was coordinated by Costin Taracila (Managing Partner) supported by Cristina Enaga and Ianita Tui (Counsels) for the transaction documents, while the due diligence team included Ianita Tui, Cristina Croitoru (Managing Associate), Irina Marinescu, Daria Spatariu, Radu Ciolacu, Luka Perovic, David Mirea and Bianca Cojocaru (Junior Associates). Roxana Ionescu (Partner) and Serban Halmagean (Associate) have advised on competition and FDI aspects of the deal.

“I would like to congratulate Vectr Holdings team members: Chintan Surana, Jean-Marc Sinkora, Dimitris Sophocleous, Alexandru Rusu, Carmen Dutescu, Calin Posta, Bogdan Rotaru and Valentin Ilie for reaching this milestone. We are honoured every time a client we have worked with before entrusts us with a new mandate, because that is the moment when you have the confirmation that your work has been truly appreciated. This is the case with Vectr Holdings, for whom we have completed several mandates in recent years, including the acquisition of the fitness network World Class Romania”, said Costin Taracila, Managing Partner of RTPR.

“Congratulations to Vectr Holdings’ entire team for the acquisition of this iconic office building in the heart of Bucharest city and thank you for choosing RTPR team to support you during this process! The trust of our clients honours us and inspires us to constantly refine our legal services in order to identify the appropriate solutions addressing their needs. It was an intense project and a rewarding experience at the same time. We hope that adding this outstanding office building to the client’s portfolio is just the beginning and it will only increase its investment appetite into the Romanian commercial real estate sector”, said Cristina Enaga, Counsel at RTPR.

“We are happy to have successfully closed this transaction in the most favourable terms for our client. We hope that the success of this deal will send a positive message for the office segment of the real estate market in Romania and will encourage investors to look for new opportunities”, said Ianita Tui, Counsel at RTPR.