Schoenherr si Asociatii SCA advises Allianz-Tiriac on lease of space for the insurer’s new headquarters and concept store in Bucharest

Schoenherr si Asociatii SCA advised Allianz-Tiriac on entering an agreement for the lease of office and commercial space in the Tiriac Tower building, located in the centre of Bucharest. The insurance company will relocate its headquarters to the leased office space which occupies three floors and has a total floor space of 4,640 m². It will also operate a concept store in the commercial space located on the building’s ground floor.

Schoenherr si Asociatii SCA’s real estate team advised the tenant on preparing, negotiating and signing the heads of terms and lease agreement. Real estate senior attorney at law Claudiu Stan played a key role in the project.

Real estate is one of the core practice areas at Schoenherr si Asociatii SCA. Approx. 20 % of the firm’s lawyers are specialised in this area. They advise on real estate acquisition and development, construction, leases, covering all sectors of the real estate market, as well as agriculture and forestry. Schoenherr’s regional real estate practice in Central and Eastern Europe is run by Sebastian Gutiu (office managing partner Romania). Two local partners, Simona Gutiu and Oana Constantinescu, are also involved in the coordination of the Romanian real estate team.

Allianz-Tiriac is part of the financial group Allianz, one of the largest financial services and insurance providers in the world. According to Interbrand’s most recent Best Global Brands Ranking, Allianz is the top insurance brand in the world. The company has been active in Romania for 26 years.

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Schoenherr is a leading regional law firm, with 15 offices and 4 country desks in Central Eastern Europe and South-East Europe. The firm has been active in Romania for 25 years. It provides full-service business law advice to a strong portfolio of multinational and local companies.