Real Estate

Most representative projects


Advising Cora group of companies in relation to numerous real estate projects including lease agreements for hypermaket premises as well as the second phase development projects of retail parks anchored by Cora hypermarkets.

Advising Sodexo Pass, as tenant, in the negotiation of several lease agreements for over 3,000 sqm office and production spaces concluded with an Immofinanz landlord company, as well as with regard to related project management services agreements and addenda to the lease agreements considering permitting calendar.

Assisted Element Distribution Centre companies in relation to the leasing of both development phases of Eli Park 1, project recognized as the Industrial Project of the Year by EuropaProperty, to tenants such as Arctic, Euro Games Technology Romania, Mobilier 1, Decor Floor and Dentotal.

Advising Teva Pharmaceuticals in relation to leases for Bucharest office premises including lease termination as well as lease negotiations for new premises as well as on the sale of properties located outside Bucharest.

Advising Element Industrial on the due diligence and acquisition structuring and documentation for large land surfaces for the subsequent development of a logistic park.

Specialist lawyer: Mihaela Posirca.

ALBOTA LAW FIRM (see profile ...)

Advised Atenor Group in relation with the development and sale of the residential complex of “UP-site Bucharest”, the first residential project for Atenor Group in Bucharest of approx. 29,300 sqm residential (270 apartments) and 1,950 sqm retail) in two residential high-rise buildings of 14 and 24 floors, located at Floreasca area.

Assisting Atenor Group with financing (signing of a €80 million facility agreement and related security package concluded with BCR, Erste Group Bank AG and Deutsche Pfandbriefbank AG) and leasing of Hermes Business Campus, located at Bucharest, comprising 75,200 sqm office space.

Assisting Atenor Group with the development and leasing of @Expo project, a smart business campus in Bucharest of approx. 53,750 sqm offices and 950 sqm retail located at the Expozitiei area.

Advised Atenor Group in relation with the development and leasing of Dacia One, an office complex of approx. 16,300 sqm (consisting of 3 office buildings: a listed villa, formerly occupied by the German representation, a theatre with a protected historical facade and a new Class A building) located at 174-176 Calea Victoriei, Bucharest.

Assisting White Star Real Estate with the acquisition of the control over Liberty Technology Park in Cluj-Napoca from Fribourg Development: (i) legal due diligence with respect to the project and the company; (ii) the shares sale-purchase agreement concluded with Fribourg and the addenda thereto; (iii) the Facility Agreement and the related security package concluded with BCR; (iv) the urban zoning plan to be issued for the office and residential project to be developed on the land.

Assistance provided to Shikun&Binui/Point Development in relation with the development and sale of the apartments and villas in the residential complex New Point (phase 2 and phase 3). The project consists of 6 buildings, with a height of 9 floors, with 68 apartments for each building, i.e., 408 apartments in total and 126 villas.

Assisting Belvedere Residences UTR3 in the development and sale of the apartments in the residential complex Belvedere Residences. The project is located at 6-8 Fabrica de Glucoza Streer, 2nd District, Bucharest, and consists of eight buildings, approx. 966 apartments with 1,160 parking places and a built-up area of 82,579 sqm.

Specialist lawyers: Oana Albota, Radu Simion, Andreea Ciobanu, Bogdan Roscaniuc, Diana Badea, Ana Maria Mincu, Mihai Macovei, Calin Galateanu.

BIRIS GORAN SPARL (see profile ...)

Assisted SIF Banat-Crisana, one of the largest local investment companies, in a transaction that involved the acquisition of the land on which the IMGB Bucharest industrial platform is located, with a surface totaling 540,000 sqm, representing the largest surface transaction in the last decade in Romania (excluding agricultural plots of land).

Assisted Indotek Group, a major American-Hungarian investment group, in the acquisition of a shopping centre in Targu Mures from AEW Capital Management. The acquisition was a package deal, with the shopping center being sold by AEW Capital Management at the same time (in an interdependent transaction) with a prime office building in Bucharest, which was purchased by a long term investment partner of Indotek.

Assisted Hagag Development Europe, affiliate of the leading Israeli Developer Hagag and one of the most active real estate investors in Romania, on approx. 6 acquisitions in Romania (land, office, residential) and further assistance on financial/development/lease/sale process for the aforementioned properties, as well as with assistance regarding increase of bonds issuance on the Tel Aviv stock exchange market, bank finance for two major projects, construction agreements, and title due diligence investigations for new potential projects.

Assisted InteRo Property Development in the sale of a plot of 26,200 sqm land to Skanska, the leading construction and development group, land located in Northern Bucharest and to be used by Skanska for developing three new office buildings. The transaction was completed in record time (two months) in spite of being multi party agreement, with a portion of the purchase price being directed to the seller's creditor, Balbec Capital LC, a global investment firm.

Assisted Predeal Investitii, a major Romanian real estate developer in the purchase of a 59,838 sqm piece of land in prime location - North of Bucharest from Victoria SA (in insolvency). This was a very difficult transaction due to the insolvency procedure of Victoria SA as there were a lot of ongoing disputes that had to be settled before the purchase took place.

Specialist lawyers: Gabriel Biris, Daniela Lazea.


Advising major foreign investment fund on Romanian land acquisition and Romanian property purchase in relation assembly of residential development site.

Advising foreign investor upon security of property to be purchased in Romania.

Advising members of a consortium in relation to preparation of documentation in relation to public tenders in the construction field.


Advising S+B Gruppe, a reputed Austrian real estate group active in the real estate field, and its local subsidiaries, in connection with the successful acquisition of several land plots in the centre of Bucharest, in view of developing a mixt project. Legal advice included the conduct of a thorough due diligence exercise and legal assistance on a complex transaction structuring involving also the acquisition of NPL.

Advising the real estate arm companies of Christian Tour Group in connection to various projects for acquisition or joint venture projects for land plots located in Bucharest in view of developing residential projects.

Advising Saphir Management & Investments, a Romanian company activating on the real estate market, in connection to preparing and negotiating the sale-purchase of premium immovables developed by the company in the north area of Bucharest.

Advising S+B Gruppe, a reputed Austrian real estate group active in the real estate field, in connection with an in-depth real estate due diligence exercise performed for the potential acquisition of a historical land plot in the centre of Bucharest.

Advising Impact Developer & Contractor an important Romanian real estate developer, in connection to various real estate issues concerning a strategic land plot situated in Bucharest.

Specialist lawyers: Ionut Bohalteanu, Daniela Milculescu.

BONDOC SI ASOCIATII SCA (see profile ...)

Assisting AFI Europe group in relation to a due diligence on the validity of the urbanism and construction documentation for an office project.

Assistance for eMag Logistics in connection with the development for securing the largest warehouse in the South-East of Europe, including assistance in connection to negotiation/conclusion of a very complex construction agreement. The law firm has also assisted client with the envisaged sale of this warehouse.

Acting as a think tank support for Clubul Fermierilor. Ensuring the leadership of the thinktank of Clubul Fermierilor (Agricover). Regular assistance on legal issues and legislative developments, including preparing legislative proposals.

Assisted Domeniile Prince Matei (Sarica Niculitel), one of the largest local wine producers, in relation to the acquisition of Zoresti wine business producing one of the most renowned Romanian wines - Prince Matei from the seller Vinarte.

Successful assistance for a private individual in the procedures against the (NCREC-ANRP) National Commission for Real Estate Compensation for granting compensatory measures for a property abusively taken over on the basis of Law 165/2013 on measures to complete the process of restitution, in kind or by equivalent, of properties abusively taken over during the communist regime in Romania. The matter was of particular interest as the legislation in this respect just entered into force last year, no jurisprudence was available and a final and favourable decision was obtained in ;less than a year, which is really a rare thing in such matters (considering that initial restitution process was started in this case more than 25 years ago). Since this was a novel legislative measure, the litigation followed an uncharted course as there was no established practice and various interpretations of the law, and resulted in the client being awarded the full extent of compensatory damages.

Specialist lawyers: Lucian Bondoc, Mihaela Bondoc, Cosmin Stavaru.

CLIFFORD CHANCE BADEA (see profile ...)


Advised a real estate investor on the due diligence in relation to the acquisition of shares in a Romanian company that undertook to develop a large mixed-use urban real estate project in Bucharest.

Advising AEW in connection with the sale and financial related aspects of America House, a landmark A-class office building in Bucharest to Morgan Stanley in association with a group of Israeli investors highly active on the real estate market.

Advising AEW in connection with the sale and financial related aspects of Promenada Mall Targu Mures to Indotek Group, one of the largest Hungarian investment groups.

Advising an international holding on a transaction involving amongst others the indirect acquisition of an important stake in a Romanian company with almost 58,000 ha agricultural land under exploitation.

Advising the operator of a large retail chain on various real estate matters, including title due-diligence reports, review of the lease agreements for the retail premises and review of building permits.

Specialist lawyers: Nadia Badea, Loredana Ralea, Mihai Macelaru, Andreea Sisman, Radu Costin, Lavinia Dinoci, Andrei Caloian.


Assisted Ploiesti West Park, the largest industrial park in Romania and in South-Eastern Europe, in a complex due-diligence for the acquisition of the project land, negotiation, drafting and conclusion of sale and purchase agreements for the land acquisition, offered permanent assistance and legal consultancy in all stages of the Park's development: building logistic spaces and facilities, developing the Park's infrastructure, leasing and selling to strategic investors in the Park, maintenance/management and administration of the Park.

Assisted Divertiland - Multi Entertainment Park, one of the the most important projects of aqua park and entertainment park in Romania and in South-Eastern Europe, in a complex due-diligence for the acquisition of the land, negotiation, drafting and conclusion of sale and purchase agreements for the land acquisition. Also offered legal assistance and consultancy related to the development of the project.

Assists Tagor Romania with respect to the development of residential real estate projects in Bucharest, Arad and Timisoara: financing, construction, infrastructure development and sales contracts.


Successful representation of the plaintiffs in the pilot case Maria Atanasiu and others against Romania and of other Clients among the thoudands persons affected by the incoherent Romanian legislation, for recovery of property;

Assistance to large developers in the purchase of real estate, as well as in any litigation aspects in relation to their investments, and in the selling of reals estate.

Advice to investors building and/or selling residential complexes or buying and/or renting constructions with various destinations.

D&B DAVID SI BAIAS SCA (see profile ...)

The law firm gave assistance to B. Braun, German medical and pharmaceutical devices manufacturer, for a general contract to build a perfusion solutions factory, an investment of over 120 million. The firm is still involved in this project by providing specific legal assistance in the field of construction.

The law firm is working on projects that involve the development of four factories in different areas of the country.

The firm was involved in the transactions of two commercial centers and an industrial space.

The law firm is involved in due-diligence projects for real estate, from infield to historical monuments.

The firm has projects such as the renting of industrial buildings, factories or 'build to lease' projects.


Specialist lawyers:Sorin David, Anda Rojanschi, Georgiana Balan, Andrei Vlasin.


The law firm has successfully advised CEE Equity Partners on the acquisition by China CEE Investment Co-operation Fund II of 15 grain silos and logistics hubs from the Romanian based Brise Group, one of the largest agribusiness groups in the country, to create the First Open Access Agriculture Infrastructure Platform in Romania.

Advised White Star Real Estate, a real estate firm serving Central and Eastern Europe, on the acquisition of the Liberty Technology Park in Cluj-Napoca, Romania, from Fribourg Development.

The firm has advised KC Agro on the €22 million acquisition of a working farm from French investor, including approximately 2,800 hectares of arable land.

Advised the largest hotel group in Central and Eastern Europe on cross-border restructuring and sale of service business: advising on the separation of Orbis’ real estate ownership activity from its service business, and on the subsequent sale of its service business to French hospitality group Accor.

The law firm has represented GIC, Singapore’s sovereign wealth fund, in one of the largest real estate investment deals signed in Europe in 2019 and the largest in Germany - the acquisition of the Maximus logistics real estate portfolio from Apollo Global Management, a US-based private equity firm.

Specialist lawyers: Perry Zizzi, Claudiu Munteanu-Jipescu, Bogdan Papandopol, Raul Mihu.

DLA PIPER DINU SCA (see profile ...)

Assisting PPF Real Estate with the operation and lease of their two office buildings in Bucharest (Crystal Tower and Metropolis Center). The assistance included advice on construction permitting and agreements for refurbishment and restructuring works in the buildings, fire permits and related measures and tenants’ compliance, drafting and negotiations for concluding new lease agreements or extending and re-negotiating new terms with existing tenants and detailed advice on Covid-19 impact on activity and on tenants’ relations.

Assisting Atrium Properties with several matters related to the joint venture structure in which it is involved for developing residential real estate projects. The firm assisted the client with respect to the acquisition of the bank loan and related security over the property and the settlement of the seller's debt assumed as part of the acquisition documents for completing the acquisition of the land located in North Bucharest and settling of all third party debt.

Assisting Dentotal Protect, the leading distributor of dental products in Romania, with the negotiation and conclusion of a logistic lease in a location near Bucharest representing their new deposit and logistic base in Romania.

The law firm has advised HYPO NOE Landesbank fur Niederosterreich und Wien AG, as lender, with a due diligence process on the immovable assets subject of the immovable security including assistance on required remedial actions in respect of an €16.6 million multi-tranche term loan facility granted to a Romanian borrower which owns the first and only retail shopping centre opened in 2008 in Bucharest, that offers top quality international and domestic brands available all year round.

Assisting IHG with several matters related to Bucharest InterContinental Hotel activity. The firm's team is advising the client on real estate matters involving a wide range of projects related to operating permits, management agreements, hospitality and leisure areas.

Specialist lawyers: Alin Buftea, Florin Tineghe.

DOBRINESCU DOBREV SCA (see profile ...)

Legal advice for a major local digital bank on matters of real estate, urban and environment law, and general administrative law. The assistance consisted in providing consultancy on the urbanistic impact which the cancellation of several zonal urban plans might have upon some real estate projects financed by the bank. Specialist lawyer: Dumitru Dobrev.

Represented a homeowners' association against the real estate developer of the Greenfield Baneasa Residence neighborhood. During the litigation, Dobrinescu Dobrev found a mutual benefit solution which favored the closure of a transaction between the parties. Specialist lawyer: Dumitru Dobrev.

Successfully represented a group of landowners in Mogosoaia against the City Hall and the Local Council of Mogooaia, for annulling and suspending several expropriation decisions issued by these authorities with the purpose of building the Zero Sector real estate project of 1200 hectares. It was a complex litigation which involved matters of administrative law, real estate, urban and environment law, as well as constitutional law. The Bucharest Court of Appeal definitively decided to suspend these decisions, which threatened the property rights of multiple landlords from Mogooaia by initiating an unjustified, and abusive expropriation against them. Specialist lawyers: Dumitru Dobrev, Oana Toader.

Drafting due diligence report, revising draft sale-purchase agreement as well as providing legal and tax advice and representation throughout negotiations and closing of the deal relating to the purchase of real estate valuated at €1.4 million located in the North area of Bucharest. Specialist lawyers: Luisiana Dobrinescu, Sebastian Giupana.

DRAGNE & ASOCIATII (see profile ...)

Advising a foreign real estate company in the majority of their litigation cases concerning the Romanian subsidiaries. The cases cover all the range of real estate matters such as: contract annulment, building permits, claims for non-performance, administrative fines, etc.

Assisting a real estate foundation in relation to multiple administrative procedures and litigations for restitution of real estates (theatres, hospitals, schools and other real estates of public use) that have been owned by Jewish communities in the country and were taken over by the Romanian state before 1989.

Assisting an economic unit specialized in youth travel programs in a dispute regarding the legality of certain legal deeds and the restitution of a plot of land of approximately 70,000 sqm, located in Bucharest, with the intended use of sport boating base, the amounts in dispute totalling roughly EUR 75 million.

Advising an important supplier of social services in a complex dispute concerning the annulment of certain legal deeds issued based on restitution laws and ascertaining the ownership right over an orphanage located on a 3,700 sqm land in the Bucharest city centre. The legal work includes also assistance in litigation phase and claims for annulment of subsequently concluded sale-purchase contract for the real estate at hand.

Specialist lawyers: Andreia Dumitrescu, Stelian Garofil, Delia Bosman;

FILIP & COMPANY (see profile ...)

Assisted One United Properties, a leading Romanian residential real estate developer, in connection with its IPO and subsequent listing on the Bucharest Stock Exchange, being the first primary initial public offering on the stock exchange in the last seven years. Specialist lawyers: Alexandru Birsan, Ioana Roman, Olga Nita.

Assisted Anchor Group, one of the first foreign investors entering the Romanian real estate market and a major player in the field, in relation to the envisaged acquisition, by way of a share deal, of a company operating a competing cinema business. Specialist lawyers: Ioana Roman, Catalin

Assisting Tiriac Group in respect of the sale of a real estate property with an area on 145,000 sqm located in the north area of Timisoara, a major secondary city in Romania, to Dedeman. Specialist lawyer: Ioana Roman.

GNP GUIA NAGHI & PARTNERS (see profile ...)

Advising Mega Image on the transaction having as subject matter the lease and possible acquisition of a plot of land, in the city center of Oradea municipality, for the purpose of erecting a commercial premise with an area of 1,200 sqm. The client concluded a unilateral promise to sell agreement and a lease agreement having, at a certain point in time, the option to buy the commercial premise. The firm has reviewed the ownership documents and has prepared the legal due diligence report and has prepared and negotiated the unilateral promise to sell and the lease agreement.

Advising Mega Image on the transaction having as subject matter the lease and possible acquisition of a plot of land in the city center of Timisoara municipality, for the purpose of erecting a commercial premise with an area of 1,000 sqm. The client concluded a unilateral promise to sell agreement and a lease agreement having, at a certain point in time, the option to buy the commercial premise. The firm has reviewed the ownership documents and has prepared the legal due diligence report and has prepared the unilateral promise to sell and the lease agreement drafts.

Advising Mega Image on the transaction having as subject matter the lease of a commercial premise, with an area of approx. 500 sqm in the city center of Oradea municipality, for a period of 15 years. The law firm has reviewed the ownership documents, has prepared the legal due diligence report and has prepared and negotiated with the landlord the lease agreement.

Advising Mega Image on the transaction having as subject matter the lease of a commercial premise, with an area of approx. 2,200 sqm, in the northern part of Bucharest, for a period of 25 years, expected to the become operational in the first quarter of 2021. The law firm has reviewed the ownership documents, has prepared the legal due diligence report and has prepared and negotiated with the landlord the lease agreement draft.

Advising Mega Image on the transaction having as subject matter the construction of a logistic warehouse having a gross footprint of approx. 40,000 sqm. The construction contract was a RED FIDIC and the firm has drafted the Special provisions, amending the General Conditions, together with all the documents composing the contract. The law firm has also provided assistance with the clarifications required by the attendees to the tender process organized by the Client for awarding this Contract.

Specialist lawyer: Bianca Naghi.

IJDELEA & ASOCIATII (see profile ...)
  1. Advised Black Sea Oil & Gas in relation of the obtaining of offshore rights of way in connection with the Midia Gas Development Project. This is a first-to-market mandate for Romania. Specialist lawyers: Oana Ijdelea, Lorena Vasvari, Alexandru Popescu.

  2. Advising United Petfood in relation to the acquisition of 150,000 sqm of land and the development and permitting of a new per food factory and logistic facility in Dambovita County. Specialist lawyers: Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.

  3. Advised Hortilife in relation to a series of construction matters and contractual arrangements in relation to the execution and delivery of a major green-house in Arad County.  Specialist lawyers: Siranus Hahamian, Luiza Catalinescu

  4. Advising an important French renewables’ developer on permitting-related matters, including urban planning, grid connection and grid development matters, and securing the necessary endorsements and permits regarding the development of a wind farm with an installed capacity of 40 MW.  Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.

  5. Advising a major Swedish-based renewable energy group in relation to the performance of the permitting process for the development of its portfolio of solar parks, including urban planning, grid connection and grid development matters. Specialist lawyers: Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.

IONESCU SI SAVA SCA (see profile ...)

The law firm's team assisted Solvency Project in the sale of several industrial real estates located in Timisoara (Romania) comprising land plots in surface of more than 20,000 sqm and seven warehouses, valued at more than €4 million. The team provided legal assistance and consultancy services to the client throughout the entire sale processes, starting with the drafting of the sale documentation, participating to the negotiation process and representing it before all private entities (banks, buy side, legal counsels etc.) and public authorities (public notary, Trade Register etc.) for successfully closing the transaction.

The team led by Radu Ionescu is assisting Resolute Asset Management in all day-to-day matters, related to the properties owned or administrated by the client. The services include: opinions on the legal requirements the real estate must comply with, such as fire-fighting, security, environment etc., drafting lease agreements, participating to negotiations with the client’s tenants. Moreover, following the Covid-19 pandemic, the firm assisted the client in complying with the legal requirements imposed by the competent authorities and negotiating with the tenants, reasonable lease terms in order for both parties to continue to carry out their activities.

Ethos House, which holds an office building, is constantly assisted by the law firm's team, led by Radu Ionescu, in all matters related to the real estate, as well as to its tenants, providing opinions on the legal requirements the real estate must comply with, drafting lease agreements, participating to negotiations with the client’s tenants. Moreover, following the Covid-19 pandemic, the firm has assisted the client in complying with the legal requirements imposed by the competent authorities and negotiating with the tenants reasonable lease terms in order for both parties to continue to carry out their activities.

The law firm's team, led by Radu Ionescu, is assisting one of the Romanian branches of Daimler AG, during the process of expanding its logistic capabilities, by developing a complex logistic centre near Bucharest. In this matter, the team has construed and implemented the legal structure, drafted the general contractor agreement, assisted the client in negotiating the service agreements with its contractors, provided legal opinions and memoranda on various corporate, commercial and real estate aspects.

The law firm's team, led by George Ionescu, has assisted and continues to assist the client, a local authority of the Bucharest Municipality, which administrates all education units from one district of Bucharest, in real estate matters, by providing legal opinions with regard to the necessary authorizations and permits for the buildings the client is administrating, drafting and reviewing the service agreements and general contractor agreements for the works carried out for the buildings, as well as representing and negotiating for the client the supply agreements concluded with its collaborators.

Specialist lawyers: Radu Ionescu, Roxana Iordache, George Ionescu.

KINSTELLAR (see profile ...)

The law firm has successfully advised the joint venture between Resolution Property (based in the UK, a member of the Fosun Group, a major Chinese conglomerate and investment company) and Zeus Capital Management (a leading international real estate investment and asset management firm), on the successful acquisition of Floreasca Park, one of the leading office complexes in Bucharest, Romania, from GLL Real Estate Partners, reputed German real estate fund manager. It involved a complex due diligence, structuring, title insurance negotiations, and negotiation of financing documents; it also involved a simultaneous €60 million+ financing from Erste Group AG under an English law facility.

The firm has successfully advised Ideal Projects, a joint venture between the Vetimex and Mirus groups, now doing business as Vetimex Business Centers, on the negotiation, signing, closing and refinancing of the Cluj-based Vivido, Advancity, and Cube office projects, the largest prime property transaction outside of Bucharest in 2020. The three projects represent the newest additions to Class-A Cluj office stock and exceed 18,000 sqm of GLA. The team's work on this matter included all aspects of the transaction: due diligence, negotiating and signing all transaction documentation, title insurance, refinancing, and regulatory matters.

Advised Lion’s Head Investments, a joint venture controlled by the property division of Old Mutual, South Africa’s largest insurance company, and owner of income-producing commercial properties in Central and Eastern Europe, on the closing of Lion’s Head Investments’ acquisition of Building C in Oregon Park from Portland Trust (the firm's team previously worked on the acquisition of Building A and Building B in June 2018 in a complex, cross-border matter involving both our Romanian and Bulgarian offices). The law firm's Bucharest team tackled all aspects related to the acquisition, including detailed due diligence of the property, negotiation of share sale-purchase and forward purchase agreements, title insurance review and numerous other ancillary documents. The acquisition of Oregon Park C was one of the largest Romanian office transactions in 2019.

Advised FirstFarms, a Denmark-based leading investor in agriculture in Eastern Europe, on the acquisition of a significant amount of agricultural land from NCH Capital, one of the largest owners of agricultural land in Romania and a $3 billion private equity firm based in New York, and on the subsequent sale of a farm of approximately 1,700 ha in western Romania.

Advising Element Industrial, the industrial division of the leading Romanian property developer, Ionut Dumitrescu, in a joint venture with one of Romania’s largest retail companies active in the field of construction materials and design, Dedeman, on the sale of ELI PARK 1, an industrial park with a total area of 50,000 sqm, and located in the north-west side of Bucharest.

Specialist lawyers: Victor Constantinescu, Razvan Popa.

LEROY SI ASOCIATII (see profile ...)

Adviced Euryale Asset Management, acting as manager of the French investment fund Pierval Sante SCPI, in connection with a sale and lease back operation with respect to two medical centers located in Otopeni and Cluj, currently owned and operated by a healthcare investment group of companies. The firm's team assisted Euryale Asset Management with the structuring the project, in particular the assessment of the various options and legal structures, drafting the binding offer, conducting a red flag real estate legal due diligence review.

Assisting the French company Investissements Immobiliers de France on the acquisition of a real estate consisting in a land of 4,578 sqm and a production facility in surface of 2,727 sqm from a Romanian company.

Assisting Bouygues Romania with the legal analysis of various options for carrying out a development project, by providing legal guidance, drafting property descriptions and legal testimony, presenting disclosure requirements, analyzing property documents to identify any fraud and assessing legal risks and developed remedial measures.

The law firm represented Groupe Rocher, the worldwide known French cosmetics group, on the direct acquisition of a controlling stake, which consisted in the purchase of 20 stores, located in numerous commercial centers, in a Romanian company specialized in the retail sale of cosmetic and toilet articles and the indirect acquisition of its Czech subsidiary. The team provided Groupe Rocher with assistance during the due diligence process, drafted the share purchase agreement, the shareholders’ agreement, as well as other ancillary documents and also assisted with the notification of the contemplated acquisition to the Romanian Competition Council.

Advising Reckitt Benckiser in connection with the conclusion of a lease agreement of office premises under construction and the takeover of the lease agreement already concluded with a leading player in the office segment.

Specialist lawyers: Bruno Leroy, Andreea Toma, Cristina Togan, Luminita Busuricu, Ruxandra Manciu.

MARKO & UDREA (see profile ...)

Assisting an FMCG retailer in the process of developing its supermarket network across the country.

Legal assistance provided to a company from the oil and gas distribution field in the process of developing its distribution network.

Assisting the owner in the development and reception of a mixed project (retail, office).

Legal assistance provided to a leading home improvement and gardening retailer in the development of a new shopping center.

Specialist lawyers: Adela Udrea, Gabriel Udrea, Eszter Marko.

MITEL & ASOCIATII SCA (see profile ...)

The law firm advises Immofinanz Services Romania, a leading retailer, regarding land acquisitions in order to open several supermarkets across Romania, as part of its expansion strategy. The firm has put together a multidisciplinary team of experienced lawyers, capable to work round the clock so as to provide the firm's services in accordance with the high expectations and tight schedule of the client. The work for the client has involved advising on the sale of land bank and development of several retail and residential projects of more than 1,000 flats all around Romania.

Advised the project companies of Alpha Bank, Cordia Residence, in connection with the sale of more than 600 apartments held in Doamna Ghica Plaza and Privighetorilor residential projects.

The law firm has advised Grupo Harmonia in connection with the restructuring of its real estate portfolio and the sale of its residential project located in the northern part of Bucharest. Also, the team has provided legal counselling in relation to the Alta Vista Project, a new real estate development project involving approximately 600 apartments.

Advised Rewe, a leading retailer, regarding land acquisitions in order to open several supermarkets across Romania, as part of its expansion strategy. The law firm has put together a multidisciplinary team of experienced lawyers, capable to work round the clock so as to provide their services in accordance with the high expectations and tight schedule of the client.

Advise H4L regarding land acquisition in order to develop a residential project.

Specialist lawyer: Ioana Negrea.


Advising a major German investment group with regards to the multimillion sale of a large office building and adjacent land.

Assisted a major sports manufacturer in an acquisition equally with regards to real estate aspects (the firm's team has conducted full title diligence on industrial buildings as well as appurtenant and neighbouring lands, and also drafted and negotiated transaction documents, have assisted with permitting and construction works hand-over).

Advised an important real estate developer in the acquisition of a meat production facility and the appurtenant land. The mandate included performing the due diligence, drafting the sale and purchase agreement and all related documents, coordinating the legal work for the completion of the transaction. The deal was complex due to the fact that the initial owner of the property was an insolvent company while the seller is facing some financial difficulties at its turn which needed to be addressed under the transaction documents.

Assisted a major producer of sports items in relation to the conclusion of a refurbishment general contractor agreement for the existing facility and a general contractor agreement for the construction of a new facility. The mandate included complex negotiations with the general contractor, drafting the general contractor agreement and related annexes, supervision and coordination of the technical experts, drafting necessary documentation for utilities relocation.

Retained by a major parkings operator and developer, in order to acquire the privately held parking located in the center of Bucharest, for operation as well as rehabilitation and car flow optimization works. The work includes complete due diligence from a legal and tax perspective in respect of the purported acquisition, as well as the negotiation and drafting of the full suite of transaction documents and in relation to future rehabilitation works (construction permits and subsequent regulatory aspects for adding further access paths for both cars and pedestrians).

Specialist lawyers: Gelu Maravela, Alexandra Rimbu, Dana Radulescu.

MUSAT & ASOCIATII (see profile ...)

Assisted Kaufland in connection with various real estate acquisitions in Romania during its expansion process in cities such as Alba Iulia, Bucharest, Mangalia, Braila, Baia Mare, Iasi, Craiova, Constanta, Galati, including on negotiating PreSPAs, SPAs, development agreements etc.
Specialist lawyers: Monia Dobrescu, Madalina Trifan, Cristian Cepesi, Evelina Stoian.

Advising Adesgo, a European market leader in the production of women’s underclothing, in connection with the sale of Adesgo factory and surrounding land.
Specialist lawyers: Monia Dobrescu, Madalina Trifan, Evelina Stoian.

Assisted MK Group Ltd in their bid to acquire various agricultural properties. 
Specialist lawyers: Monia Dobrescu, Madalina Trifan, Evelina Stoian.

Advising a leading global consumer products company, on the Romanian real estate law aspects of their worldwide carve-out and sale of the Home and
Personal Care division.
Specialist lawyers: Monia Dobrescu, Madalina Trifan, Evelina Stoian.

Advising a leading European video game holding company on the real estate aspects of the envisaged acquisition of the Romanian subsidiary of an important European video game publisher.
Specialist lawyers: Monia Dobrescu, Madalina Trifan, Evelina Stoian


Assistance provided to a Top 3 bank active in Romania in the due diligence process for relocation and negotiation of a lease of over 14,000 sqm in an office building. This is one of the largest leases of the year.

Assistance provided to one of the largest developers, investor and long-term holder of logistics real estate portfolios in CEE in relation to a complex title due diligence process performed with respect to a logistic park, a class A project with a land area of 110,000 sqm and three fully occupied logistics buildings.

Assistance provided to an Italian small appliances manufacturer in the due diligence analysis in respect to approx. 190,000 sqm of land and two production facilities of approx. 25,000 sqm (together with the relevant equipment), drafting and negotiating sale purchase agreements, negotiating a title insurance policy.

Assistance provided to an international property development and investment platform, engaged in designing, construction and lease/sale of commercial and residential properties, in the leasing and subsequent sale of an office building.

Specialist lawyers: Ioana Niculeasa, Vlad Tanase, Lavinia Ionita Rasmussen.

NOERR (see profile ...)

Advice from Kaufland's footprint in CEE to all expansion projects and daily business challenges and activities. Complex advice in Romania on a large number of hypermarket openings: 133 opened hypermarkets.

Advice for Doosan on sale of the IMGB industrial platform to SIF Banat-Crisana via a share deal, representing one of the largest transactions in the history of the real estate market.

Advice for an international real estate organisation on the purchase of a land plot located on a former industrial platform in central district of Bucharest.

Assistance for Eli4 Craiova, part of Element Industrial on the acquisition of the land plots envisaged for the development of a 60,000 sqm logistics park located in Craiova, including the Legal Due Diligence process and transaction assistance.

Complex advice for a major discount retailer regarding the purchase of a retail park, as well as of several land plots in different cities in Romania for the future development of stores.

Specialist lawyers: Roxana Dudau, Rusandra Sandu, Magdalena Lupoi, Iunia Nagy, Alexandru Dan, Diana Cochilet, Miruna Coderie, Andrei Copil, Monica Colt, Luiza Bedros, Cristina Stamboli, Scott SeongKoog Choi.

PELI PARTNERS (see profile ...)

Assisting Skanska in relation to various matters related the development and leasing of Equilibrium and Campus 6 projects, as well as the divestment of Campus 6.2 and Campus 6.3.

Assisting GLL Real Estate Partners in relation to the sale of Floreasca Park, an office complex located in the northern part of Bucharest, with a GLA of approx. 40,000 sqm.

Assisting Portland Trust in connection with the sale by means of a share deal of Oregon Park, its office project located in Bucharest, consisting of approx. 70,000 sqm GLA, to Lion’s Head Investments.

Assisting AFI Europe, a leading real estate development and investment company in Central and Eastern Europe and a prominent player on the Romanian market, in signing the pre-sale agreement for the acquisition of the majority stake holding in Casa Radio, as well as in relation to a land acquisition.

Assisting Mitiska REIM on various leasing and development matters regarding their retail portfolio of 20 stores in Romania, including in relation to complex permitting matters.

Specialist lawyers: Francisc Eduard Peli, Oana Badarau.

PETERKA& PARTNERS (see profile ...)

Legal advisory services to the Romanian subsidiary of a reputable group based in Estonia which produces and trades high class fibre cement boards, regarding the sale of a large property located outside city limits to an important player in the road construction industry. The assistance consisted in re-obtaining all ownership documents, including cadastral documentation, addressing and fixing all matters which prevented the sale (e.g., encumbrances not de-registered), negotiation of all transaction contracts, and review of the administrative procedure compulsory for the sale of lands located outside city limits in the midst of changing legislation regarding this aspect. 

Assisting an important Romanian company, the local real estate division of a highly reputable Austrian logistics group, with regard to several real estate transactions in Romania, including negotiating all transfer documentation for a plot of land which was sold to a major Belgian developer of industrial facilities. The assistance consisted both in carrying out due diligence investigations as well as in structuring of the transactions (including drafting of the relevant documentation and the related legal advice).

Legal assistance to a global provider of software engineering and IT consulting services, with review of a lease agreement for compliance with local legal regulations, as well as with the negotiated terms between the parties. The review of the lease agreement also included a verification of the ownership title of the landlord.

Legal assistance to the local subsidiary of an international group which specializes in cereal processing at regional and international level, in connection with incorporating an SPV that had to develop the corn production business in Romania. The major contribution of the Romanian partner was an in-kind contribution to the share capital of the SPV that implied conducting a due diligence for the respective immovable.

Legal assistance to the Romanian subsidiaries of a leader in transportation and supply chain services provision in respect of drafting and negotiating lease agreements for either ready built or under construction warehouse facilities to comply with the requirements of the companies needing such services (e.g. controlled temperature, special requirements etc).


Assited Dedeman on: the acquisition of The Office, the acquisition of The Bridge and the joint venture with Element Invest for the development of Eli Park 1. 

Advised River Development on the development of Sema Parc and The Light.

Legal assistance for Crisware and Hexagon Developments on the development of Advancity Business Center, Vivido Business Center and Cube in Cluj. 

Assisted P3 Logistic Parks on the acquisition of Craiova Logistics.

Advised Cross City on the development of Estoria City.


Specialist lawyers:Valentin Creata, Florian Nitu, Ioana Sampek.

REFF & ASSOCIATES SCA (see profile ...)

Advising large property investment and development company in the acquisition of a shopping center in Constanta.

Advising large property investment and development company in a complex acquisition of a class A - office building located in Bucharest.

Advising large property investment and development company in the acquisition of a commercial center in Hunedoara county.

Advising large property investment and development company in the acquisition of a shopping center located in Mehedinti county.

Advising large property developer in relation to the acquisition of various commercial centers including acquisition of land.

Specialist lawyers: Alexandru Reff, Partner, Head of Practice, Robert Ionita, Associate Partner, Ruxandra Macelaru, Managing Associate;


Regus on the negotiation of the lease agreement for the new location in Charles de Gaulle Plaza building.

Advised a specialist retail property company with a focus on retail warehouse properties in Europe, in relation to the real estate aspects in connection with the acquisition of a 50% interest in the Romanian retail park portfolio ‘InterCora’.

Advised a leading Austrian Bank in relation to the financing package entailed by immovable mortgage over the plots of land used for the farmland project and review and advice on the real estate aspects related to such immovable mortgage over the plots of land.

Assisted a syndicate of international financial institutions regarding amendments to the security agreements and to a syndicated loan for the acquisition of a major residential and commercial component of the project as well as for the refinancing of the development loan.

Assisted a consortium of banks on the real estate aspects in relation to the EUR85m secured financing extended to a Romanian subsidiary of a Korean based multinational company for the development of a 45 MW photovoltaic park located in the County of Giurgiu (one of the largest photovoltaic projects in Romania to date).

Specialist lawyer: Adrian Cazan;

STOICA & ASOCIATII (see profile ...)

Assisting and representing the Romanian State in the arbitral investment dispute initiated by the Sukyas Brothers in relation to claims arising out of the Government’s alleged failure to restitute assets in Cinegrafia Română (CIRO Films), a film company held by the claimants’ family members before its seizure by the communist regime in 1948. The Romanian State is represented by the counsels’ association consisting of Stoica & Asociatii, Savoie Laporte s.e.l.a.s.u., Anca Liana Caraiola Buftea, Laborde Law and Professor Alina Miron. Other information cannot be revealed at this stage of the proceedings, due to the confidentiality requirements.

Assisting and representing the client in a litigation initiated by a public institution of national interest for the recovery of a real estate (allegedly public, inalienable property administered by the claimant in the proceedings) whose owner in present is the client by virtue of a previous giving in payment agreement concluded with two clients of the bank (former owners of the real estate). The litigation is a complex one as there were successive transfers of property (also from the public domain to the private one) and the legal regime of the good and its destination at the moment of each successive transfer are questioned (also due to inconsistent documentation from the public registries, which makes the case even more difficult). The legal strategy construed by Stoica & Asociatii team was focused on proving that at the moment of the transfer of the real estate to the patrimony of the bank’s clients the real estate was the municipality’s private property, by also making application of the general civil theory of the obligation against eviction incumbent on the Romanian State (given the quality of the claimant in the proceedings, as the latter is a public institution). This litigation is all the more important that, by analysing the chain of the successive property transfers and the status of the real estate from 1930 up to present, it resulted that the real estate at issue was a former restitution made in accordance with the provisions of the Law no. 10/2001 concerning the legal status of some buildings taken improperly from 6 March 1945-22 December 1989 and such restitutions shall be carefully analysed in the light of ECtHR’s case-law. So far, by analysing the case-law of the Romanian courts, the applicability of the obligation of guarantee against eviction in the specific matter of the transfers in compensation based on the provisions of the Law no. 10/2001 has not been clearly settled.

Assisting and representing the client in a complex real estate litigation initiated by the Prefect as regards the annulment of the building permit allowing the client to build an extension of logistic warehouse and construction of truck parking, pallets warehouse, enclosures and utilities. A complex technical expertise in the specialty of urbanism is currently administered in the file. The legal problem raised in the case is all the more important as, in the meantime – prior to the litigation initiated by the Prefect (without the client being informed about the control carried out by the state construction authority), the real estate project was modified based on an amended building permit (which is not subject to the annulment request filed by the Prefect) and subsequently finalized. The defence within the dispute involved an intricate strategy involving, among others, a complex analysis regarding the legal effects of the amended building permit and the combined effect of the two building permits, as well as an in-depth analysis grounded on the principle of proportionality and the nature of the annulment remedy and its legal effects, considering the particular factual circumstances underlying the case. A rigorous inventory of the necessary urban planning documentation considering the particularities of the real estate project was also necessary. 

Assisting and representing the client in several disputes in which a company located in the vicinity claims infringement of its property rights and breach of common ownership of access roads. The rejection of the applicant's claims is important because it will allow the Client to exploit the land for the purpose for which it was purchased, namely the construction of a residential complex and the provision of housing for several thousand people, close to the centre of Bucharest.
The dispute is carried out between the contractor and the beneficiary of some construction works located in Bucharest; the evidence adduced in the trial is complex, including technical expertise and accounting expertise. The dispute is particularly relevant for the interpretation of the clauses in FIDIC contracts in terms of the termination for fault of works contracts, the extent of the unilateral termination of the contract by the beneficiary and the possibility of choosing a new contractor to continue the works given their urgency. Stoica & Asociații represents the beneficiary of the works in this litigation.

Assisting and representing a real estate developer in a litigation against CNAIR regarding the request to extend a previously performed expropriation of the client’s land in order to build the Bucharest-Ploiesti highway, to a supplementary surface of the land which cannot be used due to the initial expropriation. 
The application also refers to the request to grant access to the highway to the client’s land (surface of approx. 100.000 sq.), which remained without access following the expropriation for the construction of the highway. The case is particularly important given the financial relevance of the expropriation measures and the possibility to exploit the land according to the market needs. Romanian case-law in this domain is either unclear or scarce. At the hearings on 5 March 2021, the applicant won a partial victory, bearing in mind that the court rejected the plea of unlawful stamping of the summons, the plea of late amendment of the plea, the plea of inadmissibility of the action and the statute of limitations, ruling that they are unfounded.

Representing and assisting the company in litigations regarding the cancellation of a real estate construction permit regarding a land with an area of 94,997 ha. The object of the dispute is the annulment of Decision no. 116 / 25.02.2009 adopted by the Local Council of Constanța Municipality, the Zonal Urban Plan (PUZ) ʺHigh-rise Real Estate Complex - Collective Housing, Commerce, Offices and Hotel, Str. Chiliei", on the site of the former RATC base, land with an area of 94,997.56 sqm. As a result of the PUZ approval, the land area of 94,997.56 sqm was dismantled into 10 UTRs (territorial reference units) of which one mixed unit, intended for trade and services), and the other 9 units intended for high-rise collective housing . After 9 years from the adoption of this PUZ, an action was formulated in its annulment. Stoica and Associates had an important role in the league, the action being rejected at the court of first instance, Constanta Tribunal, the case is now being appealed.

Assisting and representing two real estate developers in a litigation against Municipality of Bucharest regarding the request for the annulment of the Zonal Urban Plan of Sector 2, Bucharest, as well as the obligation of the issuing authority to partially rectify it in accordance with the real legal situation of the lands, with the consequence of changing their classification, from the green spaces zone to the mixed zone of buildable lands. The applicants claim that the area of green spaces may target only publicly owned land, while their land does not fall into that category. Also, the land could not be included in the category of green spaces except as a result of fulfilling the expropriation procedure according to the relevant legislation, or the local authorities did not start at any time the expropriation procedures for the construction of parks, the lands being still in private ownership of the applicants. The importance of the dispute lies in the fact that there is a possibility for a court to oblige the authorities with urban planning responsibilities to stop a discriminatory situation between the owners of neighbouring lands, but also to end the impossibility of using the land for the purpose for which they were acquired by the two companies. The situation is still unclear at national level, with the courts reluctant to give real estate developers the upper hand, as an environmentalist view seems to be preferred. The litigation was lost at first instance, with a final decision to be rendered by the Bucharest Court of Appeal on appeal, probably at the end of 2022.

Assisting and representing a group of individuals from around the world belonging to a notorious Romanian family in connection with the management of a significant real-estate portfolio estimated at approx. Eur 30 mil. STOICA & Asociatii assisted and represented its clients in litigations and administrative procedures in connection with property restitution cases concerning land plots and constructions, in transactions with real-estate (ie sale, lease, management of real-estate).

Assisting and representing the client in a claim which lead to the relocation of the trial, in recourse, from Constanta Court of Appeal to Galati Court of Appeal. The relocation claim has highlighted the risk of an unjust trial due to local influences performed by the parties involved (public authorities and influential private persons as City Major and City Manager of Constanta City).The High Court of Justice endorsed our fears and ordered the relocation of the trial to another Court where the personal and public interest for the case is supposed to be lower.

Assisting and representing a client regarding a rescinding and damages claim in justice in connection with a real-estate contract. The litigation concerned damages arising from a breach of the sale-purchase promise by the other party.
Assisting and representing a client regarding a rescinding and damages claim in justice in connection with an real-estate exchange contract against the Municipality of Bucharest. S&A filed an action to rescind the exchange contract and claimed damages representing approximately 200,000,000 Euros in contradiction with the Municipality of Bucharest.

Assisting and representing the client in a package of litigations on complex real estate environmental issues regarding the ecological landfill in Pojorîta co-financed with non-refundable European funds, in the context of the legal requirements incumbent on the EU Member States in the matter of environmental issues (particularly, in the context of complying with the obligation to close, seal and ecologically restore the illegal landfills). The subject of the successive disputes mainly consists in the annulment of all the administrative acts issued in order to build the ecological landfill from Pojorîta. This litigation is extremely complex and has major implications in terms of the capacity to act as claimant in environmental cases, where the claimant is neither an individual living in Pojorîta, nor an NGO specifically constituted for environmental protection purposes. The dispute largely raised the issue of admissibility of class action/ actio popularis in environmental matters. Stoica & Asociatii construed an extensive argumentation, through an interpretation of the national legislation and case-law (in general administrative matters and in environmental cases), of the provisions of the Aarhus Convention and the case-law of CJEU and ECtHR, leading to the dismissal by of the claim for lack of procedural capacity of the claimant and also for lack of procedural interest. The case (in special appeal phase) is now suspended as CJEU was referred with a request for a preliminary ruling on the provisions of the UNECE Convention on Access to Information, Public Participation in Decision-making and Access to Justice in Environmental Matters (Aarhus Convention).

Assisting and representing the clients within the extraordinary appeal phase in a complex administrative and real estate litigation where the annulment of many administrative acts in the matter of urbanism and the demolition of the house of the claimants are at stake. The litigation was initiated by the clients’ neighbours in the context of some misunderstandings between them. Given that the first instance court ordered the demolition of the construction, the legal strategy implemented by Stoica & Asociatii team is aimed to rigorously dismantle the alleged irregularities in terms of urban planning and to emphasize the lack of proportionality of the measures ordered by first instance court, by pointing out that the demolition is the ultima ratio remedy solution.
Assisting and representing the client in damages claim aiming to recover the loss occurred by the noncompliance of duties assumed by a contractor based on a FIDIC contract. The dispute is settled on the background of Russia – Ukraine war which determined a quick raise of the materials’ costs and led to breaches of the contractual duties. Assisting (and representing) the Client in negotiation and legal claims related to building permits and building works contracts for several shopping malls.

Assisting and representing the Client in a dispute related to the performance a construction agreement for building one of the Client’s biggest hypermarkets. The dispute involves complex questions related to alleged flaws in design, hidden defects, flaws in the performance of the works and damages claimed by both parties. STOICA & Asociații successfully managed to dismiss all the damages claims and to obtain self-help remedies for the client in order to dismiss the claim for the payment of the remainder of the price. The dispute is pending before Bucharest Court of Appeals.

Assisting and representing the client in front of the Romanian Courts in a dispute related to a joint venture agreement for the construction and functioning of a series of gas stations in Bucharest. The dispute involves subtle questions of law related to the authority of Bucharest City Hall in executing private joint ventures. STOICA & Asociații successfully managed to dismiss the entire claim against the client.


SUCIU POPA (see profile ...)

Advising one of the top Italian global contractors involved in the development of international turnkey public and private works, in relation to assessing various delay and quantum related matters arising from several FIDIC contracts for the rehabilitation of national road infrastructure in the Republic of Moldova.

Advising a Romanian top real estate developer of residential projects in Bucharest, in relation to several financing packages for the construction and development of a new residential project and two ongoing real estate projects.

Assisting the world leader in the construction and maintenance of infrastructure for transport with regard to renegotiating and restructuring of several FIDIC agreements concluded with the Romanian National Company for Motorways and National Roads, totalling over EUR 200 million.

Advising one of the largest real estate companies in Romania in a complex and long-lasting series of litigation files concerning the ownership title of a historical building.

Advising a leading company acting in the production and supply of cement, raw materials and precast products, in connection with the tender procedure for a large national infrastructure project for concrete vehicle road restraint systems with an overall value of over EUR 100,000,000. 

TONCESCU SI ASOCIATII SPRL (KPMG Legal) (see profile ...)

Advising Mondi Bucharest, local subsidiary of a leading packaging and paper group, on the sale of a logistic platform comprising various warehouses and office spaces in the Otopeni area. The firm assisted the client from the first phase of the transaction throughout the entire selling process, by reviewing real estate and transaction documentation, carrying out a full assessment of the transaction implications under Romanian law, offering assistance in defining the structure of the transaction deal, as well as in drafting and negotiating the transaction documentation.

Advising Rotem Consulting & Investment Ltd during a buy side legal due diligence in connection with the acquisition of three plots of land and corresponding buildings located in Brasov, with a total area of over 33,000 sqm. The firm assisted the client during the initial due diligence analysis, covering the entire history of the plot and building and highlighting any risks which the potential purchaser may face when investing in real estate assets.

Assistance for EOS Credit Funding DACin the process of acquisition of around 100 immovable assets as part of an NPL transaction. Assisting the client during the entire transaction, including negotiation and all signing phases.

Advising a foreign real estate investor during a buy side legal due diligence in connection with the acquisition of a plot of land and building located in the center of Bucharest. The law firm assisted the potential purchaser during the initial due diligence analysis, covering the entire history of the plot and building and highlighting any risks which the potential purchaser could face when investing in the real estate asset. Furthermore, the team's analysis also covered a review of the lease agreement concluded between the owner and the entity entitled to use the building.

Assisted Schrack Technik Logistics from the initial land plot legal due diligence throughout the entire transaction, including multiple rounds of negotiations, drafting transaction documentation and up to the signing of the pre-sale agreement.

Specialist lawyers: Laura Toncescu, Rosu Cristina, Vlad Peligrad.

TUCA ZBARCEA & ASOCIATII (see profile ...)

Advising Morgan Stanley, MSREF Real Estate Advisor Inc., in connection with the acquisition of America House Office Building, a landmark office building located in Bucharest CBD, and Promenada Shopping Mall Targu Mures from AEW.

Advising Carrefour on all aspects related to the expansion of the hypermarket and supermarket network, including performance of legal due diligence reviews in connection with the ownership right over the projects site, as well as assistance and representation during the negotiation of the relevant transaction documents.

Advising Premier Restaurants Romania, McDonald’s, on all legal issues related to the global expansion plans in Romania.

Advising a real estate developer in connection with the acquisition of four large plots of land in Bucharest for the development of residential projects.

Advising Al Dahra on its expansion on the local market further to the acquisition of Agricost SA Braila.


Specialist lawyers:Razvan Gheorghiu-Testa, Dan Borbely.

VASS LAWYERS (see profile ...)

Due diligence on real estate properties - performance of due diligence regarding the liquidation of a real estate property after the termination of a project for establishing a production unit for the garbage press in Romania.

Ownership right attributes and real estate publicity - legal assistance in relation to the compliance with the relevant legal provisions on ownership right attributes and real estate publicity of a project promoting sustainable production for small-scale farming communities in Transilvania.

Risk assessment of construction contracts - advice and legal assistance to a well-known international construction company with regard to risks arising from several Red and Yellow FIDIC works contracts with estimated value of over EUR 130 million.

Litigation & Arbitration in the construction field - advice and legal representation before the competent courts of law, the Court of Arbitration and N.C.S.C. for several major construction companies concerning over 50 legal cases (public procurement, execution and termination of works and financing contracts, debt recovery, employment, etc).

Awarding procedure of a works contract - providing legal advice and counsel to a major real estate company in organizing an awarding procedure. The object of the works contract consisted in the construction of a leisure complex, funded from the European Regional Development Fund.

Specialist lawyers: Iulia Vass, Bianca Bello, Alexandra Mititelu;

VILAU | ASSOCIATES (see profile ...)

Assisting a multinational delivery and shipping company in the process of extending an existing logistics centre in Bucharest. Legal work consists of legal assistance during the project development related contracts.

Assisting an Italian manufacturer of prefabricated structures and turn-key projects contractor in relation to the sale of an over 12,000 sq.m. warehouse facility located in Bucharest, as well as during negotiations, execution and enforcement of construction contracts entered into with various beneficiaries of industrial and logistics facilities.

Advising a local investor for the proposed transaction of an integrating farm, operating over 1,500 ha of an agriculture land.

Advising an international investment fund in relation with the proposed acquisition of a portfolio of office buildings, with an estimated value of EUR 25 million.

Assisting a Romanian Top 5 construction company with negotiations regarding the development of a sewage and waste water project involving two major Romanian counties.

Voicu & Asociații (see profile ...)

Assistance to a major regional retailer active on the Romanian market in connection with its retail chain expansion in Romania. Some of the most relevant projects include: assistance in connection with a series of real estate acquisition projects including major, mid and small locations throughout Romania; rendered services include conducting due diligence legal investigations on acquisitions, negotiation and drafting of transaction documents, as well as assistance in completing transactions and assistance in connection to a series of lease agreements; rendered services include drafting the lease agreements based on the commercial conditions agreed and assistance during the negotiations with the landlords. Projects coordinated by Partner Roxana Negutu

Assistance to a real estate developer covering several Romanian cities, in connection with the refinancing process of the retail park located in Botosani by renegotiation of terms with the financing bank. Our firm has conducted due diligence investigations on the financial refinance scheme and assisted the client in the negotiation and conclusion of the financing documents and security package, second stage development of the project was also covered. Project coordinated by Partner Roxana Negutu

Assistance to a leading German international manufacturer in relation to acquisition of a plot of land located in Bucharest with the purpose of further developing an office building in Floreasca area; services provided included performing the due diligence investigation, advising on the Transaction structure, including specific conditions, structuring the Transaction and drafting the sale purchase agreement. Project coordinated by Partner Roxana Negutu

Assistance to an important real estate developer acting on the Romanian market, in the process of obtaining necessary zoning and planning and permits for development of a residential project in Bucharest city centre; services include advice on administrative procedures and in relation with the public authorities, assistance in the resolution of various disputes with NGOs intervening in the procedures as civil society’s representatives, as well as in disputes with the authorities; real estate project development, negotiating and drafting pre-sale-purchase and sale-purchase agreements. Project coordinated by Partner Roxana Negutu

Assistance to a global marketing research company, on the negotiation and conclusion of the lease agreement regarding the client's company headquarters located in an office building in the North of Bucharest (Nusco Tower); work rendered included obtaining all necessary corporate approvals and making the necessary registrations with the Romanian authorities. Project coordinated by Senior partner Marta Popa.

WOLF THEISS Rechtsanwälte GmbH & Co KG (see profile ...)

Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management, L.P. on their acquisition of a leading hotel complex with approximately 86,000 sqm of gross leasable area in Bucharest, Romania. The complex includes two hotel facilities, the Radisson Blu and Park Inn Hotels, as well as approximately 7,500 sqm of prime retail space. In addition to providing M&A assistance and real estate due diligence, Wolf Theiss assisted the purchasers in relation to financing and refinancing of the acquiring and the acquired companies' debt.

Name of the team coordinator: Ciprian Glodeanu (Partner) on real estate assistance

Other relevant information: Deal value is EUR 170 million.

Jurisdictions involved were Romania, The Netherlands and Israel.

Completion date: December 2017

Assisting Peek & Cloppenburg S.R.L. with the negotiations of three lease agreements for retail spaces in Iulius Shopping Malls in Timisoara, Cluj, and Iasi. Negotiations took place in Bucharest, Iasi, Dusseldorf and Vienna. The leased spaces shall be delivered turnkey by the landlord in strict compliance with the technical requirements of Peek&Cloppenburg. 

Name of the team coordinator: Ciprian Glodeanu, Partner

Other relevant information: Deal value is EUR 20 million

We further assisted the client with drafting and negotiating lease agreements for other logistic and commercial spaces in Romania.

Completion date: June 2018

Assisting BANCA COMERCIALA ROMANA SA in relation to a EUR 40 million loan to Elgan Offices SRL, part of the Globalworth group, one of the largest real estate investors in Romania, for the purposes of financing a class A office building and a design centre located in Bucharest, Romania. The finance consists of an investment loan (financing part of the Project costs plus a top-up loan at development completion) and a VAT facility. The development is custom-made and was pre-leased by Renault group.

Name of the team coordinator: Bryan W. Jardine, Partner

Completion date: Ongoing

Wolf Theiss advised Erste Group Bank AG in relation to the granting of approx. EUR 30 million credit facilities to a Romanian borrower for the purpose of financing a class A light industrial/logistic project located in Timis County, Romania. Wolf Theiss advised in relation to the due diligence process as well as the structuring, drafting and negotiation of the finance documents.

Name of the team coordinator: Claudia Chiper, Partner

Completion date: January 2018

Advising Topmost Investments, a Cyprus-based real estate company, to acquire EEC Invest Imobiliare, a Romanian real estate company, for EUR 17 mil. EEC developed and fully let one of the most appealing office buildings in the centre of Bucharest, Polona 68 Business Center project, with a total area of 9,600 sqm. We conducted the legal DD, and also supervised the fiscal and technical DD. Further, we negotiated the SPA for the acquisition of EEC. Our team also negotiated a title insurance policy for this property. 

Name of the team coordinator: Ciprian Glodeanu, Partner

Completion date: March 2017


Advised on the sale of a real estate project located in Ilfov County.

Advised on the negotiation of a sophisticated lease agreement regarding an office premises located in Bucharest.

Assistance on tenant’s side in the negotiation of various sophisticated lease agreements for office premises and storage space as well as during the hand-over of leased premises.

Advised the client, a leading furniture producer, on the acquisition of various plots of land located in Bucharest and other cities in Romania, within commercial platforms.

Advised the client, a company acting in the real estate industry, on the acquisition of plots of land with the view of construction and development of buildings in the retail industry.

Specialist lawyer: Anca Danilescu.

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