act Botezatu Estrade Partners assisted the Belgian group Louis Delhaize in the sale and lease-back of the Cluj commercial centre anchored by Cora to Romanian real estate developer Studium Green.

The team of real estate and M&A lawyers was led by M&A Partner Laura Estrade and Real Estate Partner Mihaela Poșircă together with Counsels Iustina Sima and Andrei Mureșan.

act Botezatu Estrade Partners assisted in all phases of the transaction, including setting up the Data Room, structuring the transaction, drafting and negotiating the contractual documentation consisting mainly of the share transfer agreement and the long-term lease agreement for existing hypermarket premises.

“Thanks again to Mihaela, Laura and act team, special mentions to Iustina and Andrei of course. It is always great to have them onboard, knowing that the transactions are definitely well handled and smooth. We are glad to close the real estate chapter after having sold 6 hypermarket properties to Supernova last December and now Cluj to this best in class real estate developer Studium Green. This transaction will provide a significant retail and mixed use redevelopment potential for the near future, and will definitely benefit Cora as a tenant.” - Josselin Granier, Group Real Estate Director at Louis Delhaize.

Studium Green was assisted by Reff & Associates, the Deloitte legal practice in Romania.