Albotă Law Firm assisted Atenor, a Belgian-based urban real estate developer company listed on the Euronext Brussels market, with respect to the sale of Dacia One Project to Paval Holding, the owner of the Romanian DIY retail business “Dedeman”.
Dacia One Project is a 100% pre-let office complex including a renovated heritage building (1,500 m²) and a new Class A office building (13,500 m²), located at the intersection of two major Bucharest arteries, Dacia Boulevard and Calea Victoriei.
Oana Albotă, founder of Albotă Law Firm, stated:
“We have been again this year by the side of Atenor for assistance with the completion of yet another landmark deal on the Romanian market. Our firm provided full support to the client for the structuring, negotiation, signing of all transaction documents and closing the sale of Dacia One Project. We would also like to extend our thanks to Atenor’s remarkable team of professionals, their dedication and expertise adding to our efforts in order to see this transaction to a successful completion.”
| The agreement to sale was signed on 02 July 2021, subject to standard conditions precedent and the deal closed on 23 December 2021. The project team was coordinated by Oana Albotă and included the lawyers Bogdan Roscaniuc and Andreea Ciobanu. |
| Albotă Law Firm is a law firm set up in May 2014 specialized in construction and real estate. |
| The firm offers its clients legal assistance throughout all stages of real estate projects in any industry (offices, residential, retail, logistics) starting from the stage of land acquisition, construction permitting and project financing, through construction process, up to the stage of sale/ letting of real estates to end customers. |
| In a complicated year for the legal market, Albotă Law Firm has managed to upkeep the organic growth of its team. Formed currently of 7 senior lawyers, Albota Law Firm’s team is one of the most experienced and senior real estate and construction teams of legal advisors on the market. |