Biggest deals of 2015 in Romania | Real Estate & Construction

Newsroom 08/03/2016 | 11:19

Here are the main deals in the real estate and construction sectors that were registered last year. For a forecast regarding the M&A market this year, you can read this exclusive article.

 

REAL ESTATE

  • Transaction: CTP takes over Cefin Arad logistic Park

Value of transaction: N/A

Legal team buyer: Clifford Chance Badea

Legal team seller: N/A.

Description: Czech-based CTP, one of the most important industrial park developers and administrators in Central and Eastern Europe, took over the Cefin Arad logistic park from Italian group Cefin.

  • Transaction: CTP takes over Deva Logistics Center

Value of transaction: N/A.

Legal team buyer: Clifford Chance

Legal team seller: Popovici Nițu Stoica & Asociații

Description: The Dutch company CTP bought the Deva Logistics Park project, the third largest acquisition that the company has made on the Romanian market in 2015, along with the takeover of Mercury Business Park and Cefin Arad.

  • Transaction: CTP takes over Mercury Logistics Park

Value of transaction: N/A

Legal team buyer: Clifford Chance Badea

Legal team seller: N/A

Description: Czech-based CTP, one of the most important industrial park developers and administrators in Central and Eastern Europe, took over the Mercury Logistics Park from the American investment fund, Heitman.

  • Transaction: The Blackstone Group LP buys the logistic portfolio of Immofinanz in Romania.

Value of transaction: EUR 500 million

Legal team buyer: DLA Piper

Legal team seller: Popovici Nitu Stoica&Asociatii and Luther Rechtsanwaltsgesellschaft

Description: Blackstone acquired all 36 of Immofinanzʼs logistics investments through the purchase: approximately 1 million sqm, in Germany (24), Hungary (5), Romania (3), Poland (2), Slovakia (1) and Russia (1). The portfolio in Romania includes 3 operational logistics projects in Bucharest, Timisoara and Ploiesti, 2 development projects in Bucharest and Ploiesti, and properties for future development in Bucharest, Brasov and Sibiu.

  • Transaction: Real Estate Asset SA buys Veranda Obor

Value of transaction: aprox EUR 10 million

Legal team buyer: RTPR Allen & Overy

Description: Real Estate Asset SA (the real estate subsidiary of SIF Moldova) acquired a significant shareholding stake in the listed companies Prodplast Imobiliare SA and Nord SA, the majority shareholder of the company developing the Veranda Obor project (a new shopping mall).

  • Transaction: CA Immobilien Anlagen sales its logistic portoflio to P3 Logistic Parks

Value of transaction: N/A

Legal team buyer: Dentons

Legal team seller: RTPR Allen & Overy

Description: Austrian group CA Immobilien Anlagen sold its logistics portfolio totalling 467,000 square meters in Romania and Poland to P3 Logistic Parks. The portfolio acquired by P3 Logistic Parks in Romania accounts for the most significant part of the deal which, along with the logistic park Europolis Logistic Park located outside Bucharest, includes two properties located in Poland and almost 165 hectares of land for development, located mainly in Romania and Poland.

  • Transaction: VB Real Estate Services GmbH and the group entities sale of project company operating an office building located in the center of Bucharest.

Value of transaction: N/A

Legal team buyer: Local advisors (for NIS Imob SRL, Romanian NewCo incorporated for the purpose of the acquisition by the Romanian company MTK Admin Imob SRL)

Legal team seller: Wolf Theiss (for Piaggio Investments Limited, part of the Volksbank group and REWO Unternehmensverwaltung GmbH, part of the Volksbank group)

Description: VB Real Estate Services GmbH and group entities sold a project company operating an office building located in the center of Bucharest. The sale and purchase agreement for 100 percent of the shares in the target company Immorom Alpha SRL was signed on September 2015, after repeated changes to the transaction structure and related documentation.

  • Transaction: GLL Real Estate Partners buys Floreasca Park office project from Portland Trust

Value of transaction: EUR 70 million

Legal team buyer: Dentons

Legal team seller: N/A

Description: German investment fund GLL Real Estate Partners is in the process of acquiring the Floreasca Park office project in Bucharest from its developer Portland Trust for over EUR 70 million, according to local media reports.  In Romania, GLL Real Estate Partners already owns the Charles de Gaulle Plaza office building close to the Aviatorilor subway station.

  • Transaction: GLL Real Estate Partners buys Victoria Office Center

Value of transaction: EUR 27 million

Legal team buyer: Dentons

Legal team seller: N/A

Description: German investment fund GLL Real Estate Partners has acquired Victoria Office Center in Bucharest for a price believed to be around EUR 27 million. The 8,300 sqm class A office building in central Bucharest is fully leased on long-term agreements to international tenants.

 

CONSTRUCTION

  • Transaction: CRH Ireland acquires Lafarge Romania assets

Value of transaction: EUR 6.5 billion.

Legal team buyer: Musat & Asociatii, Arthur Cox

Legal team seller: NNDKP

Description: CRH Ireland, a leading international player active in the construction products manufacturing and distributing sector, acquired all assets and companies of Lafarge Romania, the largest Romanian corporation in the construction sector. The acquisition took place on the back of the planned merger between Holcim and Lafarge.

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