ZRP
Tuca Zbarcea & Asociatii

Revetas and Cerberus Announce Acquisition of Bucharest Office Complex

06 Noiembrie 2018   |   BizLawyer

Project Marina is the second property jointly acquired by Revetas and Cerberus in Romania and aligns with both firms' strategies to identify quality real estate properties and apply investment and operational expertise to generate superior risk-adjusted returns.

 
 
Revetas Capital Advisors LLP ("Revetas") and Cerberus Capital Management, L.P. and its affiliates ("Cerberus") today announced the acquisition of the Landmark, a newly built office complex in a prime location in Bucharest, Romania ("Project Marina"). The complex, with approximately 23,500 sqm of gross leasable area, is the only business park of its size in the heart of Bucharest offering institutional grade specifications and flexible floor plates. The leading office building is long-term leased to strong international institutional covenants and offers ancillary retail space.

Project Marina is the second property jointly acquired by Revetas and Cerberus in Romania and aligns with both firms' strategies to identify quality real estate properties and apply investment and operational expertise to generate superior risk-adjusted returns. In December 2017, Revetas and Cerberus jointly acquired Project Nemo, a leading hotel complex in Bucharest, which includes the Radisson Blu and Park Inn hotels, featuring a total of 697 guest rooms.


Eric Assimakopoulos, Managing Partner at Revetas, commented, "Project Marina is one of the most compelling office assets in Bucharest's Central Business District, offering a unique mix of competitive advantages. We are excited about this opportunity to expand our partnership with Cerberus and to continue creating value for our tenants and investors in one of the fastest growing countries in the Central and Eastern Europe region."

Lee Millstein, President of Cerberus Global Investments and Global Head of Real Estate for Cerberus, added, "We continue to see strong growth trends in Romania and are excited to have the opportunity to add another attractive property to our portfolio. We look forward to extending our partnership with Revetas and leveraging our collective operational and capital expertise to drive value for both our Project Marina and Project Nemo properties."

Revetas is a real estate investment manager executing a specialised strategy targeting distressed, undervalued, value- add and opportunistic assets in Central and Eastern Europe ('CEE'). The firm was founded in 2012 and is led by Managing Partner Eric Assimakopoulos together with his senior management team, who have been operating in the region for over 16 years. The business operates from London, Vienna and Luxembourg.

Founded in 1992, Cerberus is a global leader in alternative investing with more than $35 billion in assets across complementary credit, private equity, and real estate strategies.
 
 

PNSA

 
 

ARTICOLE PE ACEEASI TEMA

ARTICOLE DE ACELASI AUTOR


 

Ascunde Reclama
 
 

POSTEAZA UN COMENTARIU


Nume *
Email (nu va fi publicat) *
Comentariu *
Cod de securitate*







* campuri obligatorii


Articol 48 / 2141
 

Ascunde Reclama
 
 
 
BREAKING NEWS
ESENTIAL
LegiTeam: Popovici Nițu Stoica & Asociații recrutează
Thomson Reuters Legal Advisers - Full Year 2018 | Cele mai active firme de avocați implicate în fuziuni și achiziții, anul trecut. Ce giganți cu prezență la București au intrat în Top 25 global, european și regional
„The Lawyer European Awards 2019”: 4 firme cu activitate în România concurează pentru titlu la secțiunea ”Law Firm of the Year: Eastern Europe and the Balkans” | PNSA, singura firmă domestica din lista scurtă a premianților. ZRP concurează la titlul „European litigation team of the year”
Clifford Chance Badea atrage un nou avocat senior în practica de M&A Real Estate
Topul problemelor din industria Pharma, creionat de avocații D&B David și Baias. Proiectele uneia dintre cele mai performante echipe de pe piața locală
ELLINT, alianța internațională a firmelor de avocați specializate în dreptul muncii, se extinde în România. Suciu | The Employment Law a intrat în rețea
Promovări în conducerea Mușat & Asociații: Paul Buta, Iulian Popescu și Răzvan Stoicescu devin Deputy Managing Partners | Partenerul Octavian Popescu se retrage
Andreea Bende, promovată în calitate de Partener în cadrul NNDKP IP
LegiTeam: PeliFilip recrutează avocați pentru departamentul de Real-estate
bpv Grigorescu Ştefănică a asistat Molex SUA, în consolidarea prezenței sale pe piața din România. Colaborare cu Jones Day
PeliFilip a reprezentat cu succes Hidroelectrica într-un litigiu complex de dreptul muncii
Câți avocați au firmele de top în evidențele Baroului, la început de an. Plutonul fruntașilor și-a schimbat structura, iar tendința a fost de micșorare a efectivelor, în 2018
 
Citeste pe SeeNews Digital Network
  • BizBanker

  • BizLeader

      in curand...
  • SeeNews

    in curand...