EY’s Strategy and Transactions and Transaction Tax teams provided Solida Capital with financial and tax due diligence services in relation to the acquisition of Victoria Center office building.
Solida Capital is a leading investment and asset management firm with a focus on real estate and development projects across key European markets. The firm is known for its strategic approach to investment and its ability to identify high-value opportunities within dynamic and growing economies. Solida Capital is committed to driving long-term growth and delivering superior value to its investors through prudent and sustainable investments.
This transaction marks a significant milestone for the firm as it enters the Romanian market, with the deal representing Solida Capital’s inaugural investment in Bucharest. This development is part of the company’s strategic expansion in the Central and Eastern European (CEE) market.
The prime asset is located on Calea Victoriei, one of the highest end and affluent streets in Bucharest. The office building, Victoria Center, comprises a total Gross Leasable Area (GLA) of 8,600 square meters, distributed across 10 floors including Retail Area in the Ground Floor and a number of 92 parking spaces.
The EY team advising Solida Capital on the Victoria Center transaction was coordinated by Liliana Bușoiu and Alexandru Onțică for financial assistance and by Raluca Popa and Amelia Toader for tax assistance.