Commercial real estate players in Romania will be inclined to conclude contracts for shorter periodsthan before the pandemic, as almost 80% of owners, developers and investors in this field consider contractual adjustments and flexibility to be the main attributes that will count for tenants and end-users when the health crisis ends, according to
Deloitte Romania Commercial Real Estate Survey 2021. Additionally, the survey highlights that contract terms meant to secure rent payment will make a difference in a post-pandemic scenario, as 64% of the respondents mentioned rent adjustments and incentives as the second most important element for tenants and end users.
The study also underlines that “the next normal” will likely translate into a reconfiguration of space volume for the commercial real estate industry, as 71% of respondents believe that this approach will be more frequent in the next period. Additionally, they anticipate a reconfiguration of the rental models, as 64% o
Deloitte Romania advised OLX Group in the acquisition of Kiwi Finance, the largest loan broker in Romania, from the Swedish investment fund Oresa. The agreement has been approved by the Competition Council. Following the takeover, OLX Group becomes the sole shareholder of Kiwi Finance and expands its portfolio, which includes OLX.ro, Storia.ro and Autovit.ro, in the financial services segment.
Kiwi Finance will continue to focus on the geographic expansion, developing its financial partners network, on operations efficiency, as well as on providing services through digital channels.
Deloitte Romania provided assistance to OLX Group in the financial and fiscal due diligence process. The financial advisory team was made of Radu Dumitrescu, Partner-in-Charge, Marius Vasilescu, Director, Bogdan Mazilu, Deputy Director, Vlad Balan, Deputy Director, and Vlad Bucur, Senior Associate, and the tax team consisted of Dan Badin, Partner, and Ioana Nastase, Senior Manager.