Monday, August 10, 2020
Home News Investment Market Dentons advises buyer in acquisition of office portfolio in Cluj

Dentons advises buyer in acquisition of office portfolio in Cluj

Dentons, the world’s largest law firm, advised Romanian investor Ideal Projects Services on title insurance for the successful acquisition of a portfolio of three office buildings in Cluj – Romania’s second most active city for office investments.

The three buildings – Vivido Business Center, Advancity Business Center and Cube Office – were sold by Hexagon group, which is controlled by entrepreneurs Raul Ciurtin and Florin Mariș. They have a total leasable area of approximately 20,000 sqm and boast tenants such as Porsche Engineering, Bosch, Vertiv, Riverbed, Metro Systems and Natuu.

Dentons Romania Managing Partner Perry V. Zizzi and Head of Real Estate Bogdan Papandopol assisted.

Title insurance has become increasingly common for real estate acquisitions and financings in Romania, and as such it often represents an essential requirement for closing deals.

Most Popular

M7 acquires Katowice office building for new CEE fund

M7 Real Estate has undertaken its first acquisition on behalf of M7 CEREF II, its value-add opportunities fund focused on offices and...

Metropol Group acquires five shopping centres in Poland

Greenberg Traurig advised Metropol Group on the acquisition of a shopping centre portfolio, consisting of five regional convenience stores is located in...

Weerts Group to start new warehouse development near Budapest

The logistics sector of Hungary is booming with foreign investors continuing to be optimistic about the market outlook. The latest evidence of...

Panattoni sells two city logistics parks in Warsaw to LaSalle

Panattoni and Marvipol have sold two city logistics parks in Warsaw to LaSalle Investment Management. The facilities, totalling nearly 25,000 sqm, were...