On June 15, 2022, Peli Partners announced that S Immo’s acquisition of the Expo Business Park from Portland Trust (reported by CEE Legal Matters on April 22, 2022) had closed.
As previously reported, Kinstellar had advised S Immo on the acquisition of Expo from Portland Trust. Peli Partners advised Portland Trust on the sale.
The Expo Business Park is a three-building office complex in Bucharest, Romania. According to Kinstellar, it is "located in the Expozitiei Boulevard area of Bucharest; the A-class office property has a total leasable area of nearly 41,500 square meters and an underground car park for about 600 cars.”
S Immo AG is a real estate investment company focusing on Austria, Germany, and CEE, with 70% of its portfolio consisting of commercial properties. Portland Trust focuses on the development of commercial property.
The Peli Partners team included Senior Associate Madalina Fildan and Associate Adelina Iordache.
Kinstellar’s team included Managing Partner Victor Constantinescu, Managing Associates Catalin Dinu and Catalin Graure, Senior Associates Oana Grigore and Razvan Constantinescu, Associates Adelina Seserman, Miruna Dumitru, and Cosmin Vasilescu, and Junior Associate Narcisa Muresan.