News

Pavăl Holding acquires U Center 1

3 November 2022

PNSA advised PAVĂL HOLDING, the holding company of DEDEMAN, the biggest Romanian entrepreneurial company, on the acquisition of U Center 1 - the first phase of the U Center office project in Bucharest, from Forte Partners. U Center 1 comprises a modern 8 floor-office building with a GLA of around 30k sqm of A-class premises leased to top tier tenants like Endava, Booking, Banca Transilvania.

Pavăl Holding acquires U Center 1 - the first phase of the U Center office project in Bucharest.

PNSA provided extensive legal assistance throughout the entire acquisition process, from legal and tax due diligence up to transaction documents' drafting, negotiations, and completion.

PNSA team advising on the deal was led by Ioana Șampek (Partner - Real Estate), along with colleagues from Real Estate group - Adrian Nica (Counsel), Ana Maria Popa (Managing Associate), Veronica Culcea (Senior Associate), Sebastian Boțic (Senior Associate), Ioana Avram (Senior Associate), Denisa Constantin (Associate) and Ana Seinea (Associate); Banking & Finance - Alexandra Niculae (Managing Associate); Employment - Ioana Cazacu (Managing Associate) and Bianca Țărăscu (Senior Associate); Data Privacy - Luana Dragomirescu (Counsel) and Ioana Popovici (Associate); Intellectual Property - Camelia Constantin (Managing Associate); Corporate - Roxana Chiscop (Senior Associate).

The tax assistance was provided by PNSA Tax led by Raluca Rusu (Tax Partner), along with Ioana Năstase (Senior Tax Manager) and Ileana Radu Cernat (Tax Consultant).

Dedeman Group is a long-standing client, having advised them in numerous transactions in the recent past, including on the acquisition of Dacia One in Bucharest, developed by Atenor Group; the acquisition of The Office - a landmark office building in Cluj-Napoca; the acquisition of The Bridge (with all its 3 phases) in Bucharest, also developed by Forte Partners.