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Kinstellar advises a joint venture between Resolution Property and Zeus Capital Management on the acquisition of Floreasca Park, one of the largest transactions closed in Romania in 2020

Kinstellar is delighted to announce that it has advised a joint venture between Resolution Property (based in the UK, a member of the Fosun Group, a major Chinese conglomerate and investment company) and Zeus Capital Management (a leading international real estate investment and asset management firm), on the successful acquisition of Floreasca Park, one of the leading office complexes in Bucharest, Romania, in early August 2020. The seller was the German real estate fund manager GLL Real Estate Partners.

The transaction is among the largest to have closed to date in Romania in 2020. It also involved a simultaneous major financing from Erste Group Bank AG under an English law facility.

Victor Constantinescu, managing partner of the Bucharest office and head of real estate adds: “This transaction took a monumental effort over many months. I am proud of the entire team and the final result that we obtained for our client. Being the first significant prime property transaction since the beginning of the Covid-19 crisis, this should act as a catalyst for further transactions and bring confidence back to the market.”

The Bucharest team was personally led by Victor Constantinescu, and included Alexandru Mocănescu, Managing Associate, Smaranda Văcaru and Oana Grigore, Senior Associates.

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