Eckerle Automotive Cluj-Napoca acquires real estate company
Value of transaction: Not made public
Legal team, buyer, seller: Dentons
Eckerle Automotive Cluj-Napoca, the local subsidiary of the German car parts maker, acquired a real estate company as part of its expansion strategy in Romania.
Immofinanz acquires three real estate projects
Value of transaction: Not made public
Legal team, buyer: Popovici Nitu & Asociatii on Romanian matters; Magnusson on Polish and Latvian matters and Stelios Americanos on Cyprus matters
Legal team, seller: Not made public
Austria’s Immofinanz AG, the real estate investor and developer, acquired three real estate projects, two in Romania and one in Poland. The deal spanned multiple jurisdictions including Romania, Poland, Cyprus, Israel, Austria and Latvia.
AFI Europe seals office lease transaction with Electronic Arts
Value of transaction: over EUR 14 million
Legal team, owner: NNDKP
Legal team, lessee: Tuca Zbarcea & Asociatii
Real estate developer AFI Europe concluded a long-term lease agreement with Electronic Arts, the American video game publisher, for 11,500 sqm of office premises in AFI Park 2 building. This was the biggest transaction on the local office market in the year to date.
Uniqa buys office building in Bucharest
Value of transaction: EUR 7 million, according to media reports
Legal team, buyer: Schoenherr
Legal team, seller: Not made public
Uniqa Real Este, the real estate arm of Austrian insurer Uniqa, acquired a 3,500 sqm office building in Bucharest. The project developer was RO Naturstein.
NEPI purchases Mercureal
Value of transaction: Not made public
Legal team, buyer: Reff & Asociatii
Legal team, seller: PeliFilip
Real estate investment fund New Europe Property Investments (NEPI) took over the retail platform business of Mercureal, a company that went through a corporate reorganization prior to its sale. The fund reported a slight increase in net rental and related income to EUR 30.9 million in the first nine months.
Alpha Bank and Tower Center International in settlement agreement
Value of transaction: Not made public
Legal team, buyer: SMDA
Legal team, seller: NNDKP
Alpha Bank and Tower Center International concluded a settlement agreement involving the transfer to the latter and consolidation of the ownership title of an office building with a gross leasable area of 22,163 sqm.
Corinthian Five buys two land plots in Bucharest
Value of transaction: Not made public
Legal team, buyer: NNDKP
Legal team, seller: Pachiu & Associates
Corinthian Five acquired a piece of real estate located in the office hub of Bucharest (the Barbu Vacarescu/Pipera area) for the development of a 23-floor office building.
Star Imob Construct acquires 14 land plots from Lufin Construct
Value of transaction: Not made public
Legal team, buyer: NNDKP
Legal team, seller: Not made public
Star Imob Construct, the company controlled by Greek real estate investor Ioannis Papalekas, acquired 14 plots of land, both with and without previously constructed buildings.
BDY Capital Invest sells Scandinavia Residences apartments to AB Real Estate Development & Construction
Value of transaction: Not made public
Legal team, buyer: Fine Law and Boden Law Office (Turkey)
Legal team, seller: NNDKP
BDY Capital Invest sold several apartments in the Scandinavia Residences complex near Bucharest, owned by Finnish private equity investment company Ahlstrom Capital, to AB Real Estate Development & Construction, as part of a transaction involving the majority share package at parent company level (Turkey and the Netherlands). (source: business-review.eu)
