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PeliPartners and Firon Bar-Nir Advise on AFI Europe Acquisition of Majority Stake in Casa Radio

PeliPartners and Firon Bar-Nir Advise on AFI Europe Acquisition of Majority Stake in Casa Radio

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PeliPartners has advised AFI Europe on its agreement to acquire 75% in the development of the old Casa Radio building in downtown Bucharest from a company controlled by Plaza Centers NV. Firon Bar-Nir advised Plaza Centers on the deal.

The Romanian state controls 15% of the project, and third-party investors hold the remaining 10%. 

Casa Radio was first built in the late 1980s but remained unfinished. The first phase of the current project consists of the development of a mixed-use project that includes an office building and a shopping mall.

AFI Europe is a real estate development and investment company in Central and Eastern Europe.

The PeliPartners team was led by Managing Partner Francisc Peli and Partner Oana Badarau and included Senior Associate Alexandra Ionita.

The Firon Bar-Nir team consisted of Senior Managing Partner Ron Bar Nir, Partners Ana Lavan and Alina Moldovan, and Attorney-at-Law Ana Zagor.

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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