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 92 / 2185
 

Ascunde Reclama
 
BREAKING NEWS
ESENTIAL
The Lawyer European Awards 2019: Zamfirescu Racoți & Partners are cea mai bună echipă de litigii din Europa
Rundă de promovări la Popovici Nițu Stoica & Asociații. Șapte avocați urcă în ierarhia firmei
Mandate complexe și variate în practica de Dreptul muncii de la Bondoc & Asociații. Mihaela Bondoc, Partener: Experiența în a lucra cu echipe pluridisciplinare este importantă când asiști clienții în restructurarea businessului
Dentons lansează “Ghidul de investiții în proiecte de energie regenerabilă in Europa”, ediția 2019
RTPR Allen & Overy își consolidează echipa de litigii. Alexandru Stănoiu se alătură firmei, în poziția de Counsel
Avocații Voinescu Lawyers obțin clasarea pentru una dintre societățile importante din domeniul pazei și protecției
(P) Technology is transforming the property industry – Find out more at SEE Property Forum (21 March 2019)
LadyLawyer.ro | Doamnele avocat dețin o pondere importantă în cadrul D&B David și Baias. Portretele unor avocate de succes și lunga listă a proiectelor coordonate
LegiTeam: PeliFilip is looking for an Associate (Finance & Banking )
LegiTeam: VASS Lawyers is looking for Mid-level to Senior Attorney, Corporate & Employment
LadyLawyer.ro | Doamnele avocat de la Mușat & Asociații s-au remarcat în toate ariile de practică și au gestionat proiecte mari, asumându-și standarde de exigență și rigurozitate maxime. ”Profesia modelează persoanele care i se dedică și intensifică anumite trăsături în toți”
Schoenherr susține echipa de studenți la drept care va reprezenta România la Jessup 2019
 
Citeste pe SeeNews Digital Network
  • BizBanker

  • BizLeader

      in curand...
  • SeeNews

    in curand...