Teva and Actavis

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SUCCESSFUL CONSOLIDATION OF

TEVA AND ACTAVIS

Parallelly Forton successfully closed 2 deals – sale of Actavis’ offices and lease of new office building to host all Teva employees.
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01

THE OPPORTUNITY

In the end of July 2016 Teva officially acquired Allergan’s generic business, Actavis Generics. Both companies had big operations in Sofia so the consolidation of the offices was a significant aspect of the actual merge. Teva operated in one headquarters (HQ) while Actavis had offices in two different locations, one of them self-owned.
Forton was engaged to represent Teva and to assist with the real estate strategy, providing a wide range of services including:
• Preparing occupier strategy report;
• Sale of Actavis’ offices as part global corporate RE policy;
• Establishing new HQ for all the offices to move in together.

02

THE SOLUTION

Forton’s team made a market analyses and presented a list of office alternatives meeting Teva’s criteria for the new HQ, including properties under construction.
Actavis’ offices were actively promoted to potential buyers – both investors and companies looking to buy for their own operations.
Part of the working strategy included a short-term extension of the current leases in order to secure the possibility for the selection of best project.
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03

THE RESULTS

Parallelly Forton successfully closed 2 deals – sale of Actavis’ offices and lease of new office building to host all Teva employees.
Actavis’s two office floors with total area of 3 460 sqm were sold for the amount of 3.5 million euros.
In November 2017 Teva signed a lease agreement for a stand-alone building under construction of nearly 7 200 sqm offices, 260 sqm storage and 105 parking spaces. In May 2018 the 3 different offices of the company were relocated to the new HQ of Teva in FPI Business Hub.

MEET OUR PEOPLE

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Michaela Lashova, MRICS
CEO
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Zhoro Angelov
HEAD OF INDUSTRIAL SPACE & LAND DEVELOPMENT
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Jordan Krastev
HEAD OF OFFICE SPACE
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Krasimir Petrov
HEAD OF ASSET & PROPERTY MANAGEMENT SERVICES
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Plamen Bachev, MRICS
PARTNER, HEAD OF VALUATION & ADVISORY
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Yavor Kostov
PARTNER, HEAD OF AGENCY
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Ivo Kolarov
HEAD OF DEBT AND STRUCTURED FINANCE
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Petko Lozanov
HEAD OF PROJECT MANAGEMENT

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