Portland Trust sold Expo Business Park to S Immo
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PeliPartners assisted Portland Trust, the investment fund having ARES Management and Bluehouse as equity partners, in the process of selling the Expo Business Park to S Immo. The divestment of the office buildings complex having an aggregate 41,500 square meters leasable area was completed at the end of May.
PeliPartners’s contribution included extensive assistance throughout the entire process, regarding drafting the transaction documents, negotiation and signing processes, fulfilment of conditions precedent, and with respect to closing of the deal.
„We are glad to have assisted our client, Portland Trust, during this new important deal on the Romanian market. This transaction proves that the Romanian office market remains solid”, outlined Mădălina Fildan, Senior Associate PeliPartners.
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