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PeliPartners Advises GTC on Cascade Office Building Sale to Crown Holding

PeliPartners Advises GTC on Cascade Office Building Sale to Crown Holding

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PeliPartners has advised Global Trade Center on the sale of Bucharest's Cascade Office Building to Hungarian Crown Holding Kft.

GTC is a commercial real estate company in CEE. Crown Holding is a real estate investment company active in the Hungarian and Romanian real estate markets.

Developed in 2004, the Cascade Office Building is a class-A office building with a surface of 4,300 square meters.

PeliFilip – which split into PeliPartners and Filip and Company in 2019 (as reported by CEE Legal Matters on April 2, 2019) – advised GTC in 2017 when it acquired the building from Adval Properties for EUR 9 million (as reported by CEE Legal Matters on July 13, 2017).

The PeliPartners team was led by Senior Associate Antonia Nica and included Senior Associate Oana Bucsa and Associate Adelina Iordache, supervised by Managing Partner Francisc Peli.

PeliPartners said it cannot disclose the buyer's legal advisor.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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