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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.  

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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