The transaction was closed end of October 2018 in Bucharest, with Revetas successfully acquiring the shares in the company which owns the office complex composed of 3 office buildings.
Wolf Theiss assisted Revetas in all stages of the acquisition process, from the negotiation and signing of the sale purchase agreement and the ancillary transactional documentation in relation to the transfer of the target shares, conducting the legal due diligence investigation, assistance in the refinancing of existing debt, to the preparation of the necessary closing formalities and ultimately to the successful acquisition of the Landmark.
"We are delighted to have been able to assist Revetas in this new acquisition in Romania, following our successful cooperation with Revetas for last year. We feel honoured that Revetas selected Wolf Theiss again for their expansion in the Romanian market. It was another intense and rewarding transaction! For us the acquisition of the Landmark by our client Revetas has a paramount importance" stated Partner Ileana Glodeanu, Coordinator of the Corporate/ M&A team of the Bucharest office.
"Revetas is excited about the addition of Project Marina as another high-quality asset to our portfolio. It was a pleasure to work with Wolf Theiss on this transaction and we are looking forward to continuing creating value for our tenants and investors in Romania, one of the fastest growing economies in Central and Eastern Europe", states Kiril Klaturov, General Counsel and Partner of Revetas.
The Wolf Theiss team of lawyers who worked on this transaction on behalf of the buyer was coordinated by Partners Ileana Glodeanu (Corporate/M&A) and Claudia Chiper (Banking &Finance) and included Counsel Flaviu Nanu (Real Estate), as well as Associates George Ghițu, Alexandru Asaftei, Costin Salaru and Sebastian Botic.