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NNDKP and PeliPartners Advise on BCR's Sale of Bucharest Financial Plaza to Immofinanz

NNDKP and PeliPartners Advise on BCR's Sale of Bucharest Financial Plaza to Immofinanz

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Nestor Nestor Diculescu Kingston Petersen has advised Banca Comerciala Romana on its EUR 36 million sale of the Bucharest Financial Plaza building to Immofinanz. PeliPartners advised Immofinanz on the deal.

The building, which is located on Calea Victoriei in Bucharest, is the former headquarters of the bank. According to Michael Werner, Real Estate Management Executive Director at BCR, “the Bucharest Financial Plaza plays an important role in the latest developments in the city. It is uniquely located in the heart of Bucharest and offers access to a multitude of shops, restaurants, and recreational activities. We are very pleased to have found Immofinanz as a partner, with its many years of expertise in the Romanian market and the expertise to further develop the potential of this landmark.”

NNDKP's team was coordinated by Partner Vlad Tanase.

The PeliPartners team consisted of Managing Partner Francisc Peli and Senior Associate Alexandra Ionita.

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). 

Firm's website.

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