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 acquisition of Campus Buildings 6.2 & 6.3, S Immo AG has further strengthened its position as a leading prime property holder on the Romanian market. Located in the vicinity of Bucharest’s technical university, the two eleven-story A-class office buildings have a total leasable area of nearly 38,000 square metres and are fully let.
Victor Constantinescu, managing partner of the Bucharest office and head of its real estate practice, noted: “We started this deal long ago – before the Covid-19 pandemic – and was complex and intense with all of the moving targets of a forward purchase. The client’s team was outstanding, and we really wanted to close this transaction for them. I really believe that this transaction shows again that Kinstellar has one of the strongest and most experienced real estate practices in Romania, and comes on the heels of a slew of other recently closed deals. This deal shows also that Romania continues to be an attractive target for real estate investment. Congratulations to all involved – Santa Claus indeed came early this year.”
The Bucharest team comprised Victor Constantinescu and Senior Associate Cătălin Dinu, as well as other team members.