DLA Piper has advised PPF Real Estate on its acquisition of an 8,000 square-meter construction site plot in the Orhideea area of Bucharest from RC Europe. Baker McKenzie reportedly advised RC Europe.
RC Europe is a development and investment group constructing and managing business centers, residential, and commercial properties. PPF Real Estate is a real estate investment platform established by the PPF Group.
According to DLA Piper, PPF’s aim for the acquisition is “achieving their next major project, the ARC Office Building, by 2024.”
DLA Piper’s Bucharest team included Partner Alin Buftea and Counsel Florin Tineghe.