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Biris Goran and CMS Advise on AdamAmerica Purchase of Construdava Office Building from Commerzbank and Aberdeen Asset Management

Biris Goran and CMS Advise on AdamAmerica Purchase of Construdava Office Building from Commerzbank and Aberdeen Asset Management

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Biris Goran has advised AdamAmerica Europe on its acquisition of Construdava, a 9,400 square meter office building located on Pipera-Tunari Road, in the North-East of Bucharest, from Commerzbank AG and Aberdeen Asset Management. CMS advised the sellers on the deal, which was signed in October, 2016, and closed at the end of December, 2016

The Construdava building is fully leased by Metro Systems, internal IT provider of Metro Group in Bucharest, Romania. 

According to Biris Goran, "AdamAmerica Europe Division, managed by Isaac Cohen Hoshen, former co-founder of Adama Holdings, has a large residential portfolio in Berlin, Frankfurt, Strasbourg, and Bucharest." The firm reports that, "AdamAmerica continues its opportunistic strategy in Romania."

The firm's team was spearheaded by Founding Partner Victor Constantinescu, Daniela Lazea, Mariana Signeanu, and Radu Jianu, with other members of the firm working on due diligence. Victor Constantinescu commented that, "this is the second transaction we have recently assisted our long-time friends from AdamAmerica with, and we are looking forward to more to come.”

The CMS team in Bucharest was led by Head of Real Estate Roxana Fratila and included Associates Alexandru Dumitrescu and Mircea Moraru.

Image Source: cauta-imobiliare.ro

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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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