AFI Properties’ Acquisition Of NEPI Rockcastle plc’s Romanian Office Portfolio

Herbert Smith Freehills has advised NEPI Rockcastle plc on the sale of its subsidiaries which own a portfolio of office buildings in Romania to AFI Properties.

It is believed to be the largest deal in the Romanian real estate market and one of the biggest real estate deals in the Central and Eastern European (CEE) region in 2019.

With a deal value of €308 million, the transaction is expected to complete in the first half of 2020.

NEPI Rockcastle plc is listed on Euronext Amsterdam and the Johannesburg Stock Exchange, and AFI Properties is listed on the Tel Aviv Stock Exchange.

The Herbert Smith Freehills team was led by corporate partner Caroline Rae and corporate senior associate Siddhartha Shukla, along with the firm’s Head of Global M&A practice Gavin Davies (Picture) and Head of the UK and EMEA real estate practice Jeremy Walden.

Involved fees earner: Gavin Davies – Herbert Smith Freehills; Caroline Rae – Herbert Smith Freehills; Siddhartha Shukla – Herbert Smith Freehills; Jeremy Walden – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: NEPI Rockcastle plc;

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