The Legal 500

Work Department

Real Estate; Corporate and Commercial; Tax; Mergers and Acquisitions.

Position

Razvan Gheorghiu-Testa is Partner at Ţuca Zbârcea & Asociaţii and co-head of the firm’s Real Estate practice group, specializing in commercial, office and retail developments. Further to his expertise in real estate matters, he combines tax and corporate law skills, offering multidisciplinary strategies and solution in relation to a broad spectrum of property matters. He has been directly involved in many of the most important projects taking place in Romania, including acquisitions and disposal of real estate, investment and development real estate projects, and real estate finance. Razvan Gheorghiu-Testa advises major institutional investors with a portfolio of real estate assets worth billions of Euros as well as international companies from a variety of industries, such as retail, consumer goods, steel, energy, telecommunications, oil and gas, pharma. Another focal point of his work concerns domestic mergers and cross-borders acquisitions, privatizations, and greenfield developments.

Career

Razvan is one of the founding partners of Ţuca Zbârcea & Asociaţii, having built up a career of 15 years of legal experience in corporate/M&A, real estate, taxation. He is the former named partner of Testa, David & Asociaţii, part of Ernst & Young Law Alliance, where he headed the corporate/M&A practice. More recently, he has assisted some of the most important companies that had a major impact on the Romanian economy: Carrefour Romania, Carrefour Property, Voestalpine, OMV Petrom, ING Real Estate Romania, GED Real Estate Eastern Investment, Romania Invest, Ericsson Telecommunications Romania and many others. He has been directly involved in many of the most important investment projects taking place in Romania, including the following ones: coordinator of the legal team retained by Carrefour Romania in connection with the expansion of the retail sale network of hypermarkets; advisor to Carrefour Property, the real estate division of Carrefour Group, in connection with a EUR 40,000,000 transaction for the acquisition of a real estate from Sogeprom, the property development unit of France-based bank Société Générale; coordinator of the legal team retained by ING Real Estate, in fund’s first acquisition in Romania of a commercial center, following a multi-million Euros transaction; coordinator of the firm`s real estate team assisting CEZ on all real estate and permitting matters pertaining to the development of the largest onshore wind farm project in Europe, worth investments up to EUR 1.1 billion; coordinator of the legal team assisting Tiriac Holdings in relation to the development of a large commercial residential project; coordinator of the legal team assisting GED Real Estate Eastern Investment on various real estate projects in Romania, including a EUR 7,000,000 acquisition; coordinator of the legal team assisting AZVI and Vimac in connection with a EUR 67,000,000 contract for the refurbishment of Vidin-Calafat Bridge; coordinator of the legal team retained Romania Invest in connection with the acquisition of several residential projects; coordinator of the legal team retained by E-jobs, owners of Romania's largest online recruitment website, on a multi-million Euro transaction for the sale of 30% of the company to a US-based investment fund. Razvan is a regular contributor to various local and international publications on real estate and taxation issues and speaker at real estate conferences in Romania and abroad.

Languages

English; French; Italian.

Member

Bucharest Bar Association.

Education

Titu Maiorescu University (LL.B., 1996).