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Schoenherr and KPMG Legal Advise on CA Immo’s Sale of Romanian Portfolio to Paval Holding

Schoenherr and KPMG Legal Advise on CA Immo’s Sale of Romanian Portfolio to Paval Holding

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Schoenherr has advised CA Immobilien Anlagen Aktiengesellschaft on the sale of a Bucharest seven-office-building portfolio to Paval Holding. KPMG Legal Toncescu si Asociatii advised Paval Holding.

According to Schoenherr, “the portfolio comprises seven office buildings in Bucharest, spanning approximately 165,000 square meters of total gross leasable area and approximately EUR 30.4 million of annualized gross rental income. Along with the properties, the Romanian CA Immo team was also taken over by the buyer.”

According to KPMG Legal, the traded portfolio included the Bucharest Business Park, Campus 6.1, Europe House, Opera Center 1 and 2, Orhideea Towers, and the River Place office buildings in Bucharest.

CA Immo is a real estate group headquartered in Vienna with branch offices in five Central European countries. Its core business is managing and developing office buildings. Founded in 1987, the company is listed on the Vienna Stock Exchange and owns properties in Germany, Austria, and Eastern Europe.

Paval Holding is a Romanian family-owned investment entity.

Schoenherr’s team was led by Partner Markus Piuk and included Partner Georgiana Badescu, Local Partner Oana Constantinescu, and Managing Attorneys at Law Cristina Enaga and Adriana Stanculescu.

The KPMG Legal Toncescu si Asociatii team included Partner Alex Mocanescu, Senior Managing Associate Irina Stanica, Managing Associate Ioana Narosi, and Senior Associates Alexandru Sorici and Andreea Livita.

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). 

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