Kinstellar advises S Immo AG on the acquisition of EXPO Business Park from Portland Trust

Kinstellar is delighted to announce that it has advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of EXPO Business Park, a three-building office complex in Bucharest, Romania, from Portland Trust. The transaction value remains confidential but, when closing occurs, it is estimated to be one of the largest commercial property transactions in Romania for 2022. Kinstellar advised on all legal aspects, including full due diligence, transaction documentation, and other matters.

S Immo AG is a leading real estate investment company focusing on Austria, Germany and CEE, with 70% of its portfolio consisting of commercial properties (offices, shopping centres and hotels). With the purchase of Expo Business Park in Bucharest, S IMMO AG will have added yet another high-end office property to its portfolio, thus strengthening its position on the Romanian market. Located in the Expozitiei Blvd area of Bucharest, the A-class office property has a total leasable area of nearly 41,500 square metres and an underground car park for about 600 cars.

The Bucharest team was led by Managing Partner Victor Constantinescu and Managing Associate Cătălin Dinu, and included: Cătălin Graure (Managing Associate), Adelina Seserman (Associate), Miruna Dumitru (Associate), Răzvan Constantinescu (Senior Associate), Cosmin Vasilescu (Associate), Oana Grigore (Senior Associate), Narcisa Mureşan (Junior Associate).

Comunicat de presă furnizat şi asumat de Kinstellar Business Services SARL Luxemburg

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