February 2025 – Kinstellar is pleased to announce that it has advised Solida Capital, a leading investment and asset management firm, on its first office acquisition in Romania—the purchase of Victoria Center from Manova Partners (formerly Macquarie), an internationally active independent real estate investment company. This transaction marks a significant milestone in Solida Capital’s expansion into the Central and Eastern European (CEE) market.
Located on Calea Victoriei, one of Bucharest’s most prestigious business addresses, Victoria Center is a prime office building with a Gross Leasable Area (GLA) of 8,600 square meters across 10 floors, including ground-floor retail space and 92 parking spaces. The property has been consistently well-let to high-profile tenants since its completion in 2010.
Our team provided comprehensive legal support across all transactional aspects, including due diligence, structuring, drafting, negotiation, and bank financing.
Thrilled to have advised Solida Capital on their first real estate investment in Romania!. A huge congratulations to all parties involved for their hard work and perseverance—getting this deal across the line was once again a team effort. Grateful to our client for their trust and to everyone who contributed to making this happen.
Victor Constantinescu, Bucharest Managing Partner and Head of firm-wide Real Estate
The transaction was led by Counsel Catalin Dinu, with the support of Counsel Cristina Stamboli. The team also included Catalin Graure advising on FDI aspects, Razvan Constantinescu on financing matters, and Corina Stanciu, Denisa Constantin, Rena Saftencu, Cosmin Vasilescu, and Alexandra Sofineti handling due diligence. Managing Partner Victor Constantinescu provided overall strategic oversight and support.