Vectr Realty, a subsidiary of Vectr Holdings, has purchased The Landmark office project in Bucharest from Revetas Capital and affiliates of Cerberus Capital Management for an undisclosed sum.
The office complex comprises three buildings with a combined leasable area of 23,700 sqm.
“This transaction follows our recent in the agricultural market with the acquisitions of Padova Agriculture and Contara, of 4000 ha of fully irrigated land, and demonstrates our strong commitment to the Romanian market," said Chintan Surana, Group CEO of Vectr Holdings.
The buyer was assisted by law firm RTPR and the advisory team of KPMG, while the seller was assisted by the law firm Wolf Theiss.
Vectr Holdings is engaged in various sectors including agricultural operations, agricultural machinery distribution, fitness, and real estate in Romania through its verticals Vectr Farms, Agroconcept, World Class and Vectr Realty.
