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Deutsche Bank involved in the top real estate deal

Publicat la 25.05.2008, 21:00:00

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Deutsche Bank involved in the top real estate deal
“The project’s objectives are to build two office and two residential buildings in northern Bucharest,” shows a release by Nestor Nestor Diculescu Kingston Petersen law firm, which advised the buyer in this transaction.

According to the transaction’s terms, Ioannis Papalekas, the project’s developer and representative of the seller, will participate as RREEF partner, with 22 percent. The seller was represented by Biris Goran law firm.

Representatives of the developers indicated that the investment in this project is worth €260 million, and will have a market value of €450 mln upon completion.

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