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Real estate
Nestor Nestor Diculescu Kingston Petersen advised Globe Trade Center (GTC) on the GTC/ANA Tower development joint venture, a matter led by Ioana Niculeasa; Bluehouse Capital on its acquisition of Praktiker Center in Craiova; and Ingleby Holding, Denmark, on its acquisition of several plots of forest land totalling approximately 1,000ha. Other clients include Deutsche Bank, Cascade Group, Baneasa Development and Ford Romania. Ioana Niculeasa heads the team.
Peli Filip’s ‘professional’ team is praised for its ‘quick response times’ and ‘ability to adapt to the needs of the client’. It advised BelRom Real Estate and K&S Developments on the development, financing and partial forward sale of Electroputere Shopping Centre. It also advised AIG/Lincoln in a joint venture relating to the €55m Lakeview Office Building development. The ‘experienced, commercial and business-oriented’ Francisc Peli heads the department.
Popovici Nitu & Asociatii advised Auchan Romania on its €40m acquisition of a land plot in Craiova. It also acted for Immofinanz variously on the €40m acquisition of Tripont Invest; the Polus Constanta Project, one of the largest malls in Romania; and on final closing of the Gold Plaza Baia Mare Project. On the development side, the team advised Tripont Invest on the Maritimo Shopping Center. Valentin Creata is recommended.
Salans ‘is always willing to meet the needs of the client’. Recent instructions include advising Hilton Worldwide on its expansion into Romania as well as acting for Medias Industries on a lease contract for a large plot of land and building in Transylvania to develop an industrial unit. Other clients include Harvard Management, Heitman International and OMV Petrom. Bogdan Papandopol, Laura Tiuca and the ‘excellent’ Christopher Berlew are recommended.
Biris Goran SCPA’s well-regarded group advised Astoria Business Center on the €10m sale of the Astoria office building to Bluehouse Capital. It is advising the Romanian subsidiary of Dachser Logistics on the ongoing greenfield development of a warehouse facility. Clients include Aberdeen Property Investors, Raiffeisen Property Holdings International, First Title Insurance and Timisoara Airport Park. Victor Constantinescu and Raluca Nastase head the team.
Musat & Asociatii’s team shows ‘deep technical knowledge’ and is ‘permanently available for further discussions or clarifying matters’. It advised DMA, the shareholder of Deva Logistics Center regarding the development of one of Romania’s largest logistic centres. Other clients include PPF Real Estate Holding, Grupo Lar and BelRom. Practice head Mona Musat is ‘dedicated’ and has ‘an excellent reputation in the Romanian real estate market’.
Reff & Associates demonstrates ‘good market knowledge’. It advised New Europe Property Investments on various real estate matters including the €100m acquisition of Floreasca Business Park and advised Bank of Cyprus on a loan facility provided to Nova Imobiliare for the development of the first phase of the Colosseum shopping centre in Bucharest. Alexandru Reff is highly rated.
Schoenherr si Asociatii SCA’s ‘highly regarded’ real estate department advised Nordcapital New Energy on the acquisition of 20,000ha of Romanian forest and represented Sparkassen Immobilien regarding registrations required for Bucharest’s Sun Plaza shopping centre. Sebastian Gutiu is ‘brilliant’.
Tuca Zbarcea & Asociatii’s lawyers ‘respond to matters in a timely manner’. The team advised Ana Tower on a €70m joint venture agreement with GTC for the development of a 28-storey building. It also acted for Investkredit Bank on the restructuring of a €28m credit facility agreement to finance the development and operation of City Business Center in Timisoara. Department heads Razvan Gheorghiu-Testa and Dan Borbely are highly recommended.
Clifford Chance Badea has ‘excellent’ knowledge of the local real estate market. It advised Immofinanz on the €42m buyout of Adama Holding’s remaining shareholders and acted for UniCredit Bank on a €45m development and investment loan facility for the construction of a retail centre in Craiova. Nadia Badea heads the practice.
The ‘reactive and methodical’ team at Gide Loyrette Nouel advised FBR Forest One on a 4,200ha land purchase and acted for Romania Hypermarche on the expansion of the Cora hypermarket chain as well as on the development of two prime retail parks anchored by Cora hypermarkets. Bruno Leroy is recommended, and gives ‘precise and thorough responses’.
Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP advised Banca Comerciala Romana on the construction agreement for the refurbishment of its headquarters in Bucharest and advised Eurobank Properties REIC on the management of its Romanian real estate portfolio. Mihai Ristici and Victor Padurari are recommended.
Vernon | David’s clients include the Iulius Group, Tarmac, Spearhead and McDonald’s. It is also advising the Romanian Orthodox Church on its €500m National Cathedral project. Charles Vernon is recommended.
Voicu & Filipescu SCA shows ‘deep knowledge’ of real estate. It is advising Interprime Properties on the €34m acquisition of a plot of land in the centre of Bucharest. It also assisted the Romanian National Company for Motorways and National Roads Administration on the expropriation of land and buildings for the purpose of developing a city ring road. Roxana Negutu heads the team.
Wolf Theiss advised Toro on the greenfield development of a manufacturing facility near Ploiesti and acted for Orascom on the acquisition of 500ha of land. Ciprian Glodeanu is highly regarded.
Anghel Stabb & Partners ‘always provides a super-prompt service’ and gives ‘realistic, well-timed advice’. The team acted for Becella Property Holdings on the acquisition of a warehouse and 30,000sq m of land for development in Constanta County. It also advised Resilux on the acquisition of land for the development of a plastic bottle factory. David Stabb has ‘an impressively deep understanding of the sometimes complex business and legal environment in Romania’.
bpv Grigorescu Stefanica’s real estate group has ‘excellent industry knowledge’. It recently advised on the development of a €20m steel processing plant and acted for the Soravia Group regarding the management of the Metropolis Center, an office, retail and hotel complex. ‘Excellent communicator’ Anca Parascan heads the department.
Bostina & Associates advised on an Area Urban Plan for the development of a hospital plus residential and commercial units. Orania Fersedi and Marina Topsa are recommended.
Bulboaca & Asociatii provides ‘an excellent level of service’ for real estate financing and acquisitions. It recently represented Martifer Group on the sale of a significant amount of real estate in an area suitable for wind farms. It also advised Windkraft Simonsfeld on a land exchange transaction with a local competitor and a PPP agreement with the local municipality to secure the use of 800ha of land for an 84MW wind farm. Valentin Berea and Cosmin Stavaru are recommended.
Buzescu Ca’s ‘fast and efficient’ team advised Amromco Energy on the acquisition of 19 oil and gas fields from OMV Petrom. It also advised Kautex on a substantial factory project on a greenfield site. Peter Buzescu and Adrian Tomescu are the key individuals.
CMS Cameron McKenna SCA is experienced in advising investors on real estate investments in Romania. It acted for Iberdrola Renovables on the acquisition of its first Romanian wind farm. The ‘first-rate’ Roxana Fratila heads the team.
D&B David si Baias advised Mivan regarding the purchase of a number of apartments in Bucharest New Town. It also advised Valad Property private equity fund on investments in Romania. The ‘brilliant’ Sorin David and Emanuel Bancila are recommended.
Alin Buftea heads DLA Piper Dinu SCA’s team, which provides clients with ‘a high level of support’. It advised Nova Imobiliare, the developer of Colosseum retail centre, on financing, construction and letting. It also advised Atrium Centers on the acquisition of the Atrium Center’s holding companies.
Drakopoulos Law Firm provides ‘straight-to-the-point advice’. It is acting for Greenlake Development on a €150m residential project and recently represented Secure Investments during the acquisition of 52 apartments in Bucharest. Panagiotis Drakopoulos is recommended.
Eversheds Lina & Guia has ‘good knowledge of the real estate market’ and ‘provides business-oriented advice’. It advised the local subsidiary of Volvo Sweden on the development of a new 40,000sq m truck service complex west of Bucharest. It continues to advise on the development of certain shopping malls in Romania. Cristian Guia heads the team.
Hammond, Bogaru and Associates SCPA advised South Pacific Constructii, Ozone Homes and Avalon Developments on a number of real estate projects throughout Romania. It also acted for SC SMS Food Industries Romania on the purchase of real estate in Mangalia. Nicholas Hammond is recommended.
Kinstellar’s team ‘works together seamlessly’ for clients. It advised MKB Bank on the restructuring of several financing facilities pertaining to an office development, and advised Pure Health and Fitness on the establishment of a new chain of fitness centres in Romania. Razvan Popa is ‘commercially minded and has a detailed knowledge of the current market’.
McGregor & Partners S.C.A. is recommended for energy-related real estate advice including the acquisition of real estate for the development of renewable energy sites. It is also experienced in advising on FIDIC construction contracts. Neil McGregor and Boiana Berchi are recommended.
Noerr continues to advise BauMax on the development of its DIY business in Romania and the establishment of numerous stores. It also advised Lidl on its activities in Romania. Roxana Dudau heads the team.
Pachiu & Associates is praised for its ‘professional’, ‘positive attitude’ and ‘solutions-focused approach’. It advised Billa Romania on its supermarket network expansion and acted for the Porsche Group regarding the real estate needs of its Romanian subsidiary. Ana Maria Goga is recommended.
Platis Bazilescu LLLP’s recent work includes advising on the termination or amendment of lease agreements for numerous retail outlets in Romania and advised on the acquisition of residential and office buildings in Bucharest. Eirinikos Platis and Dan Ciupala are recommended.
Savu-Cristescu & Asociatii advised Slagon Invest and Union Investitii on the €20m sale of Euromall Galati Commercial Centre to Immoeast. Other clients include Globe Construct, Bata Romania and Benvenuti. Managing partner Cosmin Savu-Cristescu is the key figure.
Vilau & Mitel’s ‘responsive’ group advises ING Real Estate on asset management in Romania. It also advised Adama, a leading developer, on numerous development projects. Sorin Mitel is the key contact.
White & Case, Pachiu SCA ‘never compromises on quality of service’. It advised GV Moinesti on the sale of real estate to Lidl and also acted for Romanian Hypermarche regarding a retail project in Bacau. Delia Pachiu heads the team.
Zamfirescu Racoti Predoiu Law Partnership is advising Pelican Com on the development of the Atlantis Residence complex and Juel Nielsen Romanian Forest & Agriculture Investments on the acquisition of large tracts of forest, agricultural land and vineyards. Lucian Danilescu recently became a name partner at Mares, Danilescu & Associates.