Stratulat Albulescu Attorneys at Law has advised Primavera Development on the acquisition of an office building in Bucharest from ASIT Services SRL, a subsidiary of Allianz-Tiriac Asigurari. The property ideally located in the city center, at 74 Grigore Alexandrescu Street, near Piata Victoriei, served as the Bucharest branch headquarters of the well-known insurance company Allianz-Tiriac Asigurari.
This transaction stands out in the Romanian office real estate market and shows that, despite the challenges affecting the sector, the market remains resilient and continues to attract investor interest.
Primavera Development is a real estate development company based in Bucharest, with over a decade of experience in the Romanian market, the company has established a strong track record in developing and managing high-quality real estate projects.
Allianz-Tiriac Asigurari is a leading Romanian insurance company and member of the global Allianz Group, one of the world's largest insurance and financial services providers with a 130-year history. Operating in Romania for over 30 years, Allianz-Tiriac has built a reputation for financial stability and customer trust, serving the Romanian market with a comprehensive range of products and services.
The SAA team advising on the Romanian law aspects of the transaction was led by Managing Partner Silviu Stratulat and Managing Associate Daiana Assoum, and also included Senior Associate Florin Geana and Associate Alina Ghezuroiu.
Partner Ana Kusak, Managing Associate Victor Iacob, Senior Associate Alexandru Lazar and Associate Leia Lupu, provided legal advice on the competition law and FDI aspects of the deal.
