Pavăl Holding acquires CA Immο's Romanian based assets portfolio
This is Pavăl Holding's fourth major real estate deal
Pavăl Holding, owned by the founders of DIY chain Dedeman, has inked a contract to acquire a portfolio of seven office properties in Bucharest -held by Austrian real estate developer CA Immo- for a total of €377 million.
This is Pavăl Holding's fourth major real estate deal after The Bridge (Bucharest, €200 million), The Office (Cluj-Napoca, €120 million) and Dacia One (Bucharest, €50 million) and brings the holding's real estate portfolio close to €750 million.
"We have just signed the acquisition of the CA Immo offices in Romania," Dragoş Pavăl, co-founder of Pavăl Holding and Dedeman, told local news agency Ziarul Financiar.