PeliPartners has advised AFI Europe on its agreement to acquire 75% in the development of the old Casa Radio building in downtown Bucharest from a company controlled by Plaza Centers NV. Firon Bar-Nir advised Plaza Centers on the deal.
The Romanian state controls 15% of the project, and third-party investors hold the remaining 10%.
Casa Radio was first built in the late 1980s but remained unfinished. The first phase of the current project consists of the development of a mixed-use project that includes an office building and a shopping mall.
AFI Europe is a real estate development and investment company in Central and Eastern Europe.
The PeliPartners team was led by Managing Partner Francisc Peli and Partner Oana Badarau and included Senior Associate Alexandra Ionita.
The Firon Bar-Nir team consisted of Senior Managing Partner Ron Bar Nir, Partners Ana Lavan and Alina Moldovan, and Attorney-at-Law Ana Zagor.