Vectr Holdings Expands its Presence in Romania
This acquisition is part of Vectr Holdings’ ongoing growth plans in Romania. Vectr Holdings, a privately-owned group of companies, is involved in various sectors in Romania, including agricultural operations, distribution of agricultural machinery, fitness, and real estate through its divisions Vectr Farms, Agroconcept, World Class, and Vectr Realty.
The Landmark: A Hub for Major Companies in Bucharest
The project was developed in 2016 and is a BREEM Excellence certified business park, consisting of three Class A office buildings with a total leasable area (GLA) of over 23,700 sqm. Located in the central area of Bucharest, the building houses important companies such as UiPath, Total Energies, Wolf Theiss, Premier Energy, and Systematic, among others.
Vectr Realty has acquired The Landmark office building from the fund managed by Revetas Capital and an affiliate of Cerberus Capital Management. “Vectr Holdings aims to acquire assets and businesses managed correctly and efficiently, increasing its presence and impact in the Romanian market,” said a representative of the company.
The Landmark: A New Addition to Vectr Realty’s Portfolio
Vectr Realty is thrilled to announce the acquisition of The Landmark, an iconic office building in Bucharest. This extraordinary asset aligns with our standards of efficiency, sustainability, innovation, and productivity. We are committed to driving economic growth and contributing to the communities in which we operate. This transaction follows our recent expansion in the agricultural market, with the purchase of Padova Agricultura and Contara, totaling 4,000 hectares of fully irrigated land, showcasing our strong commitment to the Romanian market,” stated Chintan Surana, Group CEO of Vectr Holdings.
Vectr Realty was advised by RTPR’s legal team and KPMG’s consulting team, while the seller was assisted by Wolf Theiss law firm.
