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