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Portland Trust sells Oregon Park to Lion's Head Investments

Lion's Head Investments makes its first steps into the Romanian real-estate market and announces the acquisition of Portland Trust's and Ares Management's Oregon Park project, which consists of three class A Office buildings set in the Northern part of Bucharest.

2018-05-15 13:33:34

The transaction comprises the purchase of the first two buildings (A and B) and the forward purchase of third building (Building C) that is currently under construction. At this time, the first two buildings of Oregon Park are fully leased to major international tenants like Oracle, Deloitte, Euler Hermes and Kepler Alten.

The formal completion of the transaction is expected to take place in June 2018. When finished, Oregon Park will comprise three office buildings, with approximately 70,000 sqm of leasable office space. By the end of 2019, Oregon Park will become one of the most modern, efficient office projects in the Barbu Vacarescu-Floreasca area.

Kinstellar acted for the buyer and Peli Filip and Knight Frank advised the vendor.



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