Tuca Zbarcea & Asociatii Advises on Speedwell and Baltisse Sale of Record Park Offices to AYA

Tuca Zbarcea & Asociatii Advises on Speedwell and Baltisse Sale of Record Park Offices to AYA

Romania
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Tuca Zbarcea & Asociatii has advised the AYA Properties Fund on its acquisition of Record Park Offices from Speedwell and Baltisse for EUR 35 million.

Record Park Offices includes 15,000 square meters of office and retail spaces, a 2,000 square-meter sports center, and 236 apartments.

AYA Properties Fund is a Belgian real estate investment fund with a focus on South-Eastern Europe.

Speedwell has a large portfolio of real estate developments in Romania including Record Park in Cluj-Napoca, Triama Residence, The Ivy, Miro, and SpacePlus in Bucharest, Paltim in Timisoara, and Riverside City in Ramnicu-Valcea.

Baltisse is a Belgian investment company focused on value creation through entrepreneurship. The group is active in private equity, asset management, and real estate.

The Tuca Zbarcea & Asociatii team included Partners Dragos Apostol and Oana Ureche and Managing Associates Amalia Dumitru and Ioana Marculet.