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.