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Closing: S Immo’s Acquisition of Expo Business Park from Portland Trust Now Closed

Closing: S Immo’s Acquisition of Expo Business Park from Portland Trust Now Closed

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On June 15, 2022, Peli Partners announced that S Immo’s acquisition of the Expo Business Park from Portland Trust (reported by CEE Legal Matters on April 22, 2022) had closed.

As previously reported, Kinstellar had advised S Immo on the acquisition of Expo from Portland Trust. Peli Partners advised Portland Trust on the sale. 

The Expo Business Park is a three-building office complex in Bucharest, Romania. According to Kinstellar, it is "located in the Expozitiei Boulevard area of Bucharest; the A-class office property has a total leasable area of nearly 41,500 square meters and an underground car park for about 600 cars.”

S Immo AG is a real estate investment company focusing on Austria, Germany, and CEE, with 70% of its portfolio consisting of commercial properties. Portland Trust focuses on the development of commercial property.

The Peli Partners team included Senior Associate Madalina Fildan and Associate Adelina Iordache.

Kinstellar’s team included Managing Partner Victor Constantinescu, Managing Associates Catalin Dinu and Catalin Graure, Senior Associates Oana Grigore and Razvan Constantinescu, Associates Adelina Seserman, Miruna Dumitru, and Cosmin Vasilescu, and Junior Associate Narcisa Muresan.

Peli Partners at a Glance

PeliPartners is a full service business law firm based in Romania.

A team specialising in complex projects that require innovative approaches, the PeliPartners lawyers have a wealth of experience in a variety of fields, including corporate, mergers and acquisitions, financing, competition, infrastructure & concessions, energy, real estate and corporate law – being involved in some of the most important transactions on the Romanian market for the past 20 years.

Areas of practice

Corporate M&A: With a reputation gained in complex transactions across many sectors (such as financial services, healthcare, energy, IT&C and others), the PeliPartners lawyers are regularly called to assist strategic clients, as well as investment funds or entrepreneurs in relation to various corporate projects, including M&A, structuring or restructuring of groups of companies or corporate governance matters. The firm regularly works in cross-border projects and in collaboration with international law firms.

Finance & banking is a strong practice at PeliPartners, whose lawyers advise across various matters, including financing / refinancing, restructuring, performing and non-performing portfolio acquisitions, regulatory. PeliPartners has a well established reputation with banks and debtors alike. The firm is included in the panel of some of the largest banks present in Romania. PeliPartners advises as well on cross-border financing and restructuring transactions.

Competition & Commercial: PeliPartners’ antitrust practice enjoys a fantastic reputation among international and local clients. The firm’s lawyers are thought leaders and have advised in some of the most complex transactions and projects related to this jurisdiction. They advise on investigations, merger clearance procedures, as well as on various compliance matters, helping clients design and implement distribution, franchise and pricing systems and policies. The firm currently assists clients in sectors such as financial services, IT, telecom, retail, healthcare & pharma.

Real Estate & PPP: With a stellar reputation among local and institutional developers and investors, PeliPartners is called to assist in some of the largest transactions or projects on the Romanian market.

Dispute Resolution: This firm’s clients want to be assisted and represented by PeliPartners when disputes arise in relation to their activity. PeliPartners will put together mixed teams of practice experts and litigation lawyers, that can bring an innovative but thorough approach of each matter.

Firm's website: https://pelipartners.com/