The CA Immo – Paval Holding deal included the sale of seven office buildings in Bucharest by the former and the local team of the Austrian company.
The portfolio that Paval Holding Properties took over has a lettable area of about 165,000 square meters.
The seven buildings – Bucharest Business Park, Campus 6.1, Europe House, Opera Center 1 and 2, Orhideea Towers and River Place, are located near the main subway stations and biggest universities in Bucharest.
Although the buildings will have a new owner, the management team of CA Immo will remain intact and continue on with Paval holding. Marian Roman, who has run the local team of CA Immo as managing director in the last 12 years, will be in charge.
(English version by Loredana Fratila-Cristescu)