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News from Members Dentons advises buyer in acquisition of office portfolio in Cluj

Dentons advises buyer in acquisition of office portfolio in Cluj

by Dentons January 10, 2020

Website www.dentons.com

Dentons, the world’s largest law firm, advised Romanian investor Ideal Projects Services on title insurance for the successful acquisition of a portfolio of three office buildings in Cluj – Romania’s second most active city for office investments.

The three buildings - Vivido Business Center, Advancity Business Center and Cube Office – were sold by Hexagon group, which is controlled by entrepreneurs Raul Ciurtin and Florin Mariș. They have a total leasable area of ​​approximately 20,000 sqm and boast tenants such as Porsche Engineering, Bosch, Vertiv, Riverbed, Metro Systems and Natuu.

Dentons Romania Managing Partner Perry V. Zizzi and Head of Real Estate Bogdan Papandopol assisted.

Title insurance has become increasingly common for real estate acquisitions and financings in Romania, and as such it often represents an essential requirement for closing deals.

About Dentons

Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com.

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