News

Dedeman acquires The Office in Cluj-Napoca in probably the largest office transaction outside Bucharest

May 2019

Popovici Nițu Stoica & Asociații advised Dedeman, the biggest Romanian entrepreneurial company with a turnover above €1bn, on the acquisition of The Office, a landmark project in Cluj-Napoca, in probably the largest office transaction outside Bucharest, from NEPI Rockcastle and Mr. Ovidiu Șandor.

Dedeman acquires The Office in Cluj-Napoca

The Office is a three Class A buildings project, with approximately 60,000 sqm of Class A leasable area and a 100 percent occupancy rate.

PNSA team led by Partner Valentin Creața along with Managing Associate Ela Marin, also included Partners Ioana Șampek and Mihaela Ion, Managing Associates Ana-Maria Popa, Andreea Grosu, Codrin Luță, Laura Ambrozie and Luana Dragomirescu, Senior Associates Alexandru Stan, Catinca Mihalcea, Cristiana Blei, Cristina Marcu and Lavinia Dinoci, as well as Associates Ana Seinea, Ariadna Marian, Dalida Nenu, Diana Dobra, Geanina Stoica, Luiza (Zamura) Draghici, Vanessa Nistor and Veronica Culcea. The tax assistance was provided by Mihaela Pohaci, Partner, and Raluca Rusu, Senior Manager with PNSA Tax SRL.

This is the fifth significant transaction in which PNSA assisted Dedeman Group in the last 12 months, following the setting up of a private equity fund focused on supporting SMEs; the acquisition of The Bridge; and the investments in the listed companies Cemacon and Alro.

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Other significant M&A transactions advised by PNSA in the last 12 months:

• Net Brinel on its takeover by SNEF;
• RTC Proffice Experience on the acquisition of Paper Plus;
• Voestalpine on the acquisition of the majority stake in Travertec Buzău;
• WDP on the acquisition of Dunca Logistics Centre and CTPark Cluj I;
  
• Ameropa on the acquisition of Sărulești agricultural base;
  
• Medicover on the acquisition of Phoenix Medical Center;
  
• Medicover on the acquisition of Academica Medical Centers;
  
• Dedeman on the acquisition of Cemacon and Cemacon Real Estate;
  
• Oresa Ventures on the sale of Fabryo to AkzoNobel;
  
• Farmexim and Help Net on the sale to Phoenix;
  
• Ameropa on the acquisition of 40% of the shares of agribusiness companies Promat Comimpex and Agroind Cauaceu;
  
• Medicover on the acquisition of Pelican Hospital;