Vectr Realty acquires The Landmark office building in Bucharest

Vectr Holdings, through its subsidiary Vectr Realty, has acquired 100% shares of the company that owns The Landmark office building. This is part of Vectr Holdings’ growth plans in Romania.

Vectr Holdings, a privately-owned group of companies, is engaged in various sectors including agricultural operations, agricultural machinery distribution, fitness, and real estate in Romania through its verticals Vectr Farms, Agroconcept, World Class and Vectr Realty.

The Landmark, developed in 2016, is a BREEM Excellence Certified business park comprising three class A office buildings with a GLA of over 23,700 sqm. Located in the central district of Bucharest, it hosts major companies such as UiPath, Total Energies, Wolf Theiss, Premier Energy and Systematic etc.

Vectr Realty acquired this from funds managed by Revetas Capital and affiliates of Cerberus Capital Management.

“Vectr Holdings aims to acquire well-managed assets and businesses and to continue to grow them. The Landmark is an iconic office building in Bucharest, and we are pleased to add this great asset to our real estate portfolio. It aligns with our standards for efficiency, sustainability, innovation, and productivity,” said Chintan Surana, Group CEO of Vectr Holdings. “We continuously work to stimulate economic growth and contribute to the communities in which we operate. This transaction follows our recent in the agricultural market with the acquisitions of Padova Agriculture and Contara, of 4000 ha of fully irigated land, and demonstrates our strong commitment to the Romanian market.”

Vectr Realty was advised by legal team of RTPR and advisory team of KPMG, while the seller was assisted by the law firm Wolf Theiss.