Press Release

Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to Banca Comercială Română (BCR) in relation to the transfer of ownership over the Bucharest Financial Plaza building, the former headquarters of the bank, located on Victoriei Avenue (Calea Victoriei), to Immofinanz, one of the most important real estate groups active in Central and Eastern Europe.

Bucharest Financial Plaza is located in the proximity of Bucharest “ground 0” (city center). It covers a surface of 26.300 m2 GLA and it features the largest naturally illuminated atrium in the city. The building is a representative one for Bucharest and its role in the urban development of Romania’s capital has been duly acknowledged in recent years.

The NNDKP team involved in the project was coordinated by Vlad Tănase, Partner in the firm’s Real Estate practice.

„We are delighted to have had the opportunity to assist the BCR team with the transfer of the ownership over the Bucharest Financial Plaza building, a transaction that could represent the starting point of a new urban development stage for this building. We thank BCR for the trust they placed in us as external legal advisors, and also, for the excellent cooperation during the entire project”, stated Vlad Tănase, Partner, NNDKP Real Estate practice.

NNDKP’s Real Estate practice has assisted, along the years, large corporations and various entrepreneurs in relation to complex and innovative projects in the field. The team was engaged in real estate transactions estimated at EUR 3.8 billion, during the last 10 years, alone.