Real Estate
June 19, 2017 09:50
The Bucharest office of regional law firm Schoenherr, has provided legal assistance in the transaction through which IULIUS Group, the developer and operator of IULIUS network of shopping malls, partnered with Atterbury Europe.
The transaction regarded the creation of a 50/50 partnership between Atterbury Romania and Iulius Group for the operation of Iulius Mall Iasi, Iulius Mall Cluj, Iulius Mall Suceava, Iulius Mall Timisoara, the mixed – use urban regeneration project Openville Timisoara, as well as future development of similar projects in Romania....more »
May 05, 2017 13:03
Subsequent to Hili Ventures taking over, in 2016, through its division Premier Capital, McDonald's local operations, this year the group made its entrance in the office building area, by acquiring ART Business Centre from FBC Exclusiv Company. Located in the affluent Nordului neighbourhood in northern Bucharest, the nine-storey property adds 18,600 square meters of gross leasable area to the group’s international commercial real estate portfolio. ...more »
April 04, 2017 11:49
Allen & Overy has advised the arranging banks on a financing for P&P Spearhead, a group engaged in the agricultural sector primarily in Central and Eastern Europe (CEE).
The Mandated Lead Arrangers of the refinancing were Erste Group Bank AG, ING Bank N.V., Raiffeisen Bank Polska S.A., Bank BGŻ BNP Paribas S.A., Bank Zachodni WBK S.A. (a member of Santander Group) and Powszechna Kasa Oszczędności Bank Polski S.A....more »
January 19, 2017 16:48
CPI Property Group will acquire eleven retail properties, including six major regional shopping centers, in Romania, the Czech Republic, Hungary and Poland. Dentons advised CPI Property Group on the acquisition of a portfolio of 11 retail properties from CBRE Global Investors. The completion of the transaction is expected in the first quarter of 2017, pending regulatory approvals in the Czech Republic and Hungary....more »
January 17, 2017 09:18
Biriş Goran assisted AdamAmerica Europe on the acquisition of Construdava, a 9,400 sqm office building located on Pipera-Tunari Road, in the North-East of Bucharest. The building is fully leased by Metro Systems, internal IT provider of Metro Group in Bucharest, Romania. Biris Goran advised AdamAmerica on all aspects of the purchase from the building's owners, Commerzbank AG and Aberdeen Asset Management. The team was spearheaded by Victor Constantinescu, Daniela Lazea, Mariana Signeanu and Radu Jianu on the acquisition documents, along with other members of Biriş Goran on due diligence....more »
November 15, 2016 15:15
PeliFilip advised Anchor, the real estate and development group, with respect to the merger of the Romanian group companies owning and operating București Mall and Plaza Mall. The process was designed as a merger through absorption, under which the entire patrimony of the Plaza Mall shopping centre was transferred to București Mall. The preliminary steps of the merger were initiated in March 2016, with the merger becoming effective in October 2016.
...more »
October 17, 2016 11:38
Casa de Insolvenţă Transilvania, in
charge with the bankruptcy of Swan Property, announced the sale of
insolvent office park Swan Office & Technology Park to Smartown
Investments for EUR30.3 million, a price higher with 50 percent than
the price approved by creditors. CITR declared it has promoted the
office project to more than 150 investors in Romania and abroad, as
well as to the clients in the company’s portfolio.
...more »
June 30, 2016 11:07
Law firm PeliFilip assisted Argo Group
in the sale of retail park Shopping City Sibiu to NEPI, a 100 million
euro transaction , which sets it as one of the reference real estate
transactions in Romania in 2016. PeliFilip legal team involved in the
transaction was coordinated by Oana Bădărău and included them on
Gianina Gavanescu and Mihaela Ispas, Senior Associates.
...more »
February 23, 2016 16:21
Veranda shopping center, located in the Obor area in Bucharest, attracted funding of EUR 25.5 million from Raiffeisen Bank SA and Raiffeisen Bank International AG, that will be used fort the project development.
In this transaction, Veranda ...more »
January 25, 2016 10:18
A
company member of Inter IKEA Property Division, Vastint Romania was
assisted by law firm Biris Goran in a 48-hectare land acquisition in
the Gheorghe Ionescu-Sisesti road area of Sector 1, Bucharest.Vastint
intends to develop the site into a mi...more »
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