Adam America Real Estate acquisition of Phoenix Tower

16/3/2016

Private acquisition

Status:

Completed

Date:

16/3/2016

Overview:

Adam America Real Estate (Adamerica) has acquired the Phoenix Tower in Bucharest from Aberdeen Asset Management and Commerzbank.
The Phoenix Tower is a 10,000 square metre development in Calea Vitan.
The building has an 80% occupancy rate, mainly IT firms.

Sam Duke - Editor

Jurisdiction:

Romania

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Real estate

Firms:

Biris Goran

Party: Adam America Real Estate (Acquirer)

CMS Cameron McKenna Nabarro Olswang

Party: Commerzbank AG (Seller)

Lawyer: Roxana Fratila

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