Paval Holding appoints Marian Roman as managing director for the Europolis office division
Paval Holding Properties, the real estate investment vehicle owned by the Paval family, strengthens its Romanian office portfolio by acquiring seven flagship projects from CA Immo. The new division, Europolis Office, will be led by Marian Roman, one of the most respected leaders in the real estate market, who previously oversaw the CA Immo operations in Romania.
The portfolio acquired by Paval Holding Properties has a total leasable area of approximately 165,000 sqm. The seven projects, Bucharest Business Park, Campus 6.1, Europe House, Opera Center 1 and 2, Orhideea Towers and River Place, are in the proximity of the main metro stations and the largest universities in Bucharest.
Even if the buildings will have a new landlord, the management team responsible for the success of the portfolio during the years will remain the same. The team will continue to be led by Marian Roman, who also oversaw the local operations of CA Immo for the last 12 years.
“With this major investment, we confirm once again our trust in the long-term potential of the Romanian real estate sector. The Paval Holding’s portfolio is now consolidated with top-performance office buildings, in key locations from Bucharest. More than that, we are happy to also retain the local management team, a solid and experienced team, which will continue to ensure the success of our portfolio. Together with the 165,000 sqm of offices we could say that we have also gained over 100 years of experience”, said Karina Paval, vice president, Paval Holding.
With over 20 years of experience in all real estate processes, from development and leasing to property and asset management, the team led by Marian Roman has managed to consolidate over time the CA Immo’s position as one of the most important office landlords in Romania.
“I am happy to join the Paval Holding team and to contribute to the development of a premium real estate portfolio, 100% Romanian. In a dynamic real estate market, the experience and the stability of a team can make the difference both in terms of building occupancy and client retention. Our results, such as leases longer than 15 years and portfolio occupancy rate stable at almost 100%, are the result of our team efforts”, stated Marian Roman, Managing Director, Europolis Office Division, part of Paval Holding Properties.