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Wolf Theiss Assists Search Corporation with Crystal Tower Sale in Bucharest

Wolf Theiss Assists Search Corporation with Crystal Tower Sale in Bucharest

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Wolf Theiss Bucharest has assisted Search Corporation and two minority shareholders in the sale of their participation in Plaza Development SRL, which owns Bucharest's Crystal Tower office building to Czech investment company PPF Real Estate.

The transaction closed on November 20, 2018.

Search Corporation is an engineering company in Romania that provides services of planning, design, consulting, and management of road and air transport infrastructure. Crystal Tower, located in the heart of Bucharest, is the first Romanian office building equipped with a heliport. 

“This was a fast-paced transaction, [with] both parties committed to the deal and with every interest to reach a win-win closing,” said Wolf Theiss Partner Ileana Glodeanu, who co-led the firm's team on the deal along with Partner Ciprian Glodeanu. They were assisted by Senior Associate Mircea Ciocirlea and Associate George Ghitu.

Wolf Theiss did not reply to our inquiries about the deal.  

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MPR Partners is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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