MSREI was advised by Țuca Zbârcea & Asociații and Colliers International Romania
A fund advised by Morgan Stanley Real Estate Investing (“MSREI”), in a joint venture with David Hay, former CEO of AFI Europe Romania, has acquired America House, a prime office building located in Bucharest, Romania, from a fund managed by AEW Europe.
America House is a prime office building located in a prestigious business district of Bucharest, next to Victoriei Square, and adjacent to the government headquarters. The building offers c.28,000 sqm of Gross Leasable Area (“GLA”) and a wealth of amenities on the ground and first floor, and has attracted a range of renowned tenants such as Schlumberger, MasterCard, McDonald’s, Cisco, Starbucks and the Japanese Embassy.
AEW was advised by a team consisting of Clifford Chance Badea, the local office of the global law firm Clifford Chance, who served as the legal advisor, and Cushman & Wakefield Echinox who ran the sale process. MSREI was advised by Țuca Zbârcea & Asociații and Colliers International Romania.