Real Estate

Most representative projects

ACT BOTEZATU ESTRADE PARTNERS (see profile ...)

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.



BOGARU, BRAUN NOVIELLO & ASOCIATII (see profile ...)

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.



BOHALTEANU SI ASOCIATII (see profile ...)

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.



CORCIU&ASOCIATII LAW FIRM (see profile ...)

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.



CORINA POPESCU LAW OFFICE (see profile ...)

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.



DENTONS EUROPE - ZIZZI-CARADJA SI ASOCIATII SPARL (see profile ...)

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 ...)

The cancellation of the urbanistic plan of 6th District of Bucharest, for non-fulfillment of legality criteria. Also, the continuation of the steps regarding the cancellation and suspension of the successively illegally issued urbanistic plans.

The cancellation of the integrated environmental permit for the Chiajna Rudeni landfill. It is the first time in Romania that an authorization for a facility of this magnitude is canceled.

Consultancy on city planning issues to Prima Development, one of the most appreciated developer for boutique apartments and luxury homes. One of its maine projects, Boemia Apartments, was awarded as the Best Architecture Multiple Residence România, by European Property Awards.

Consultancy regading the formalities related to the reception of the works, for one of real estate projects developed in Romania by Vastint. The company is part of Vastint Group, an international real estate organisation with 30 years of experience. Vastint is wery well known for the complex real estate project developed on the land of the former factory Timpuri Noi. Over the coming years, Vastint Romania plans to build an estimated gross buildable area of 700,000 sqm on the already owned properties.

Legal and tax consultancy for Aviatiei Nord, the developer of City Point project, containing more than 600 appartments in the north area of Bucharest.

Specialist lawyers: Dumitru Dobrev, Luisiana Dobrinescu, Diana Vlasceanu, Alexandra Lungeanu.



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 ...)

Assisting Centrul Medical Unirea, one of the leading private healthcare providers in Romania operating under the brand “Regina Maria”, in relation to the acquisition of an integrated network of a regional private health hospital and satellite clinics, by way of a complex transaction entailing both a share deal and asset deal. The firm assisted the client throughout the entire process of the transaction, which also included a full title due diligence on all real estate properties and on real estate permitting aspects.

Assisting Magnet Development, a leading residential developer in Romania, in connection with the development of the largest green luxury residential project, Amber Forest, in Bucharest.

Assisted LafargeHolcim group, one of the world leaders in the building materials industry, in the acquisition of Somaco Grup Prefabricate, one of the largest precast concrete manufacturers in Romania. The project involved, among other, thorough complex analysis with respect to title on land and constructions and related real estate permitting aspects over approx. 30 real estate properties located in 6 secondary cities in Romania.



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.



GRUIA DUFAUT LAW OFFICE (see profile ...)

Acting on behalf of a French company with respect to drafting and negotiating a lease agreement for office premises in Bucharest.

Assisting one of the largest European malt producers in relation to the acquisition of the necessary land plots for the construction of a factory but also during the entire project of the building of the factory.

Assisting a large logistics company in the development of new warehouses in an existing logistic park as well as the acquisition of various plots of lands.

Advised a spare parts manufacturer in automotive industry in connection with the extension of its production facilities (land purchase, drafting of construction contracts).

Advised a French group operating in the food industry in relation with the sale of its factory and of the land related thereto.

Specialist lawyers: Teodora Koletsis, Cristina Bojica, Dana Gruia Dufaut, Loredana Van de Waart.



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.



MARES & MARES (see profile ...)

Legal advice and assistance of the Spanish construction companies Comsa SA and Construcciones SA Aldes in auctions regarding railway infrastructure and highways.



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.



MPR PARTNERS | MARAVELA, POPESCU & ASOCIATII (see profile ...)

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



NESTOR NESTOR DICULESCU KINGSTON PETERSEN (see profile ...)

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.



POPOVICI NITU STOICA & ASOCIATII (see profile ...)

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;



RTPR ALLEN & OVERY (RADU TARACILA PADURARI RETEVOESCU SCA IN ASSOCIATION WITH ALLEN & OVERY LLP) (see profile ...)

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 the World Bank Group and the National Agency for Cadaster and Land Registration in Romania with the review and analysis of the Romanian real property registration system.

Representing major Romanian telecom company in connection with the restitution procedure over a land plot located in Bucharest.

Advised a Norwegian-based real estate development group of companies in the negotiation and structuring of a contemplated business venture.

Assisting and representing various natural persons in major property restitution cases.



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 & FILIPESCU SCA (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



ZAMFIRESCU RACOTI VASILE & PARTNERS ATTORNEYS AT LAW (see profile ...)

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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