Albota Law Firm is a top-notch commercial real estate boutique that provides ‘high-quality legal services‘ in a ‘prompt and clear fashion‘. The firm covers all corners of the market, from office, residential and retail developments and transactions, through to related contentious proceedings. Clients rate the ‘very experienced and competent’ lawyers who ‘are very pro-business and always accommodate our requests‘. First among these is the ‘very dedicated and experienced‘ founding partner Oana Albota, who is praised for being ‘very knowledgeable, efficient, very involved and supportive‘. Her team of senior lawyers includes the ‘very responsive and responsible‘ Radu Simion, the ‘competent, organized and prompt‘ Diana Badea, and Bogdan Roșcaniuc (‘a great professional with wide view over the legal issues‘). Ana-Maria Mincu is also singled out for being ‘very good on corporate matters‘.
Firms in the Spotlight Real estate and construction
Boanta, Gidei & Asociatii SCP (in association with CEE Attorneys)
At BOANTA, GIDEI & ASOCIATII SCP (in association with CEE Attorneys) we cover every aspect of the real estate market and cooperate with commonly known respected construction companies, real estate funds, management companies, architecture offices, at local and regional level.View Profile...
Real estate and construction in Romania
‘The team is very experienced and competent. They are very pro-business and always accommodate our requests in a prompt and clear fashion. They know the real estate market as they have tens of years of experience in the field. The team is very senior and strong.’
‘Oana Albotă coordinates the team. She is very dedicated and experienced. I appreciate that she is a strong and respected voice on our side while we negotiate contracts. She identifies and focuses on key matters and finds appropriate ways to solve them, making transactions more simple and rapid. Diana Badea advised us, also. She is also efficient and prompt. Ana Maria Mincu is very good on corporate matters.’
‘This is a practice that has the right team of people, knowledge and skill sets for all aspects of Real Estate Development from Land acquisition, title insurance, construction contract clauses advice and document compilation to Legal Due Diligence reports and construction contracts dispute resolution. The legal opinions offered are always properly researched and sufficiently detailed to allow the client to make fully informed decisions and the services delivered are very professional and totally reliable. The practice is flexible on billing terms and strive the deliver the best value for money for the client.’
‘I worked together with Oana Albota on an Arbitration case in Bucharest some years ago and the ability to fully understand construction engineering and technology and how this dovetails with all other aspects of the arbitration case was truly impressive which gave the client a really confident feeling that we were in a good strong position. Albota Law Firm is always our first point of call when we need legal advice on any matter concerning Real Estate development and their response times are extremely good (a subject not always marked as important to other lawyers).’
‘I totally recommend Albota Law Firm for the fast, professional and precise response to all the issues that appeared during contracts negotiation, contract analysis and other related to our real-estate development process. The personnel are very well trained, they use the last technologies in the area . We have a great collaboration with them. We are having good professional relationships with Oana Albota and Bogdan Roscaniuc because the professional and fast response manner to treat issues.’
‘We have solved our contractual dispute with one of our clients by taking legal assistance of Albota Firm Law. Outstanding professionalism and juridical knowledge of Albota Law Firm was the key point in our case. Case analysis competence and determining the legal routes with all possible scenarios makes Albota Law Firm unique and different from its competitors.’
‘Pro business team and client oriented. The team is available for working around the clock with devotion and professionalism. Another strength is that they really understand the commercial matters due to a high level of expertise in the real estate and not only the law. Real support at any type of transaction and accuracy in their due diligence reports. Very responsive to our requests at any time given.’
‘The individuals are concentrating to every detail so to give the entire picture in due time. Oana Albota is managing the company in a “hands-on” manner. She makes herself available not only at the key moments of transactions. Bogdan Roscaniuc is a great professional with wide view over the legal issues and really well prepared in terms of negotiations and drafting of contracts.’
‘Oana Albota is leading her team in the best interest of the client. She is always close to our needs, making sure that her advice is delivered well ahead of time before we can miss a deadline. She has a strong market knowledge and expertise, thus being able to satisfy two of the most important client requirements: – immediate assessment and guiding – accurate assessment indicating the best approach for urgent matters.’
‘The quality of the legal services provided by Albota Law Firm derives from the firm’s market knowledge and excellent legal know-how. The firm always provided high-quality legal services to its clients who appreciated the efficiency and the fast reaction time. We have worked closely with Oana Albota who is very involved in all aspects of the transactions and has extensive practical experience. Mrs Albota has always offered solutions to legal problems, tailored to the clients’ needs.’
‘Mihai Mocovei, specialises in recovering bad debts and arbitration, Ana-Maria Mincu has assisted us with company formation.’
‘Oana Albotă is the head of the team. She is very knowledgeable, efficient, very involved and supportive. Her experience in complex transactions and know how of real estate matters is a key advantage for her clients. Diana Badea advises us in the day to day legal aspects. She is competent, organized and prompt.’
‘We work primarily with Radu Simion who we know as a very responsive and responsible practitioner. Radu has vast experience in the real estate and construction industry working for more than 15 years in this field as a lawyer. We also benefit of his insight as former legal manager of an international developer which allows him navigate areas which can be in the blind spot of external counsel. Being familiar with most industry issues he is able to use time very efficiently and provide quick feedback, he checks working assumptions in due course to avoid unproductive work, and uses clear and structured ways to communicate conclusions, courses of actions, and practical steps for solving legal issues. He is able to distill analytical work into conclusions which we can easily integrate in our agendas and allow us quickly progress on the matters on which we collaborate.’
NOR RESIDENTIAL SOLUTIONS S.R.L.
VICTORIEI 174 BUSINESS DEVELOPMENT S.R.L.
ATENOR ROMANIA S.R.L.
NGY PROPERTIERS INVESTMENT S.R.L.
NOR REAL ESTATE S.R.L.
S GROUP HOLDING/ GREEN GATE DEVELOPMENT S.R.L.
HEITMAN/ KIZ INVEST S.R.L./ KIZ GMBH
WHITE STAR REAL ESTATE S.R.L.
LIBERTY TECHNOLOGY PARK S.R.L.
LIBERTY RESIDENTIAL S.R.L.
CONARG GROUP/ CONARG OFFICE DEVELOPMENT S.R.L.
LONDON PARTNERS/ VIEW FROM ABOVE S.R.L.
BELVEDERE RESIDENCES UTR3 S.R.L.
CTP ROMANIA/ CTP INVEST/ H.E.E. Mercury (Proprietati) S.R.L.
RC EUROPE PROPERTY AS/ REINVEST
NEPI/NRE SIBIU SHOPPING CITY
SHIKUN BINUI/ POINT DEVELOPMENT S.R.L.
SKV PROPERTIES S.R.L.
TIAB SA/ VINCI ENERGIES
OCTAGON CONTRACTING & ENGINEERING
OPTIM PROJECT MANAGEMENT S.R.L.
GD TOTAL SERVICE S.R.L./ ZONE DEVELOPMENT S.R.L.
VEL PITAR S.A.
STRATEGIC VENTURES S.R.L.
Swisspath Consulting AG
MENTECH INSTAL S.R.L.
TEHNOCLIMA GENERAL CONTRACTOR S.R.L.
ANKITECH TEKNOLOJI MÜH. İNŞ. VE ELEK. LOJ. TURZ. PAZ. SAN. TIC. LTD. ŞTI.
- Assisting Atenor Group on the sale of Hermes Business Campus by means of a share transfer within NGY Properties Investment, the SPV which developed the project.
- Advised Atenor Group/Nor Residential Solutions on the development and sale of the UP-site Bucharest, Atenor’s first residential project in Bucharest.
- Assisting Shikun & Binui in relation with the development and sale of the apartments and villas in the residential projects New Point 1, New Point 2 and New Point Villas.
Nestor Nestor Diculescu Kingston Petersen has an ‘outstanding‘ multi-disciplinary real estate practice with a ‘deeply professional understanding of the subjects are dealing with‘. The firm’s deep bench ensures good coverage of the full range of contentious and non-contentious issues. The team has a good pedigree across several key asset classes, including office, residential, retail, industrial, logistics and hospitality. This includes transactional and regulatory advice to developers, lessors and investors. The practice is also commended for its close relations and interaction with local authorities and other regulatory bodies. Ioana Niculeasa leads the market-leading team which includes partner Vlad Tanase , who is ‘not only an excellent advisor but also an exceptional litigator‘.
Other key lawyers:
Vlad Tanase; Lavinia Ionita Rasmussen; Ioana Grigoriu
‘Close to the client, trying to understand best our needs and acting in consequence.’
‘They are very prompt to the requests sent, pro active, coming to solutions and always presenting the risks so that the client can analyze the options correctly.’
‘The real estate and construction team of NNDKP is probably the best in Romania. Their expertise, the quality of their people convinced us to work only with them in the past 7 years.’
‘Vlad Tanase is a respected and distinguished lawyer with great expertise in this area of law. His legal knowledge makes him not only an excellent advisor but also an exceptional litigator. On top of these we always appreciated Vlad’s great communication skills and creativity.’
‘I am working currently with NNDKP in various real estate projects . Ioana Niculeasa is leading and coordinating the team and the results of their support is outstanding.’
‘There is a deeply professional understanding of the subjects we are dealing with, a good and friendly communication as well as a very broad interdisciplinary connection inside of the company as well as external ( local authorities and various agencies)’
Globalworth Real Estate Investments
Weisenburger Real Estate
- Advising the developer CTP on a due diligence of 80% of its Romanian assets in advance of its IPO.
- Assistance to BCR in relation to the transfer of ownership over the Bucharest Financial Plaza building.
- Advising Weisenburger Real Estate Romania on the acquisition of two residential projects, roughly 30,000 square metres in size, in Bucharest.
Peli Partners has a ‘fast and inventive‘ team that is widely considered ‘one of the most experienced on the Romanian real estate market‘. Commercial property law is one of the firm’s main focuses, ensuring almost unrivalled depth across all the key disciplines, including transactional, regulatory, development and litigation issues. Senior partners such as the ‘outstanding‘ Francisc Peli are valued for their ‘strategic thinking and the ability to keep the focus on the really important points in complex transactions‘. Highly rated practice head Oana Badarau should also be included ‘in the survival kit of any transaction‘. Plaudits are also extended to the junior lawyers, such as Alexandra Ionita , praised for her ‘positive attitude, client orientation, in-depth knowledge and willingness to pull extra long hours‘, and the ‘very proactive‘ Madalina Fildan .
Other key lawyers:
Francisc Peli; Mădălina Fildan; Ioana Waszkiewicz; Alexandra Ioniță
‘Oana Badarau – cleverness, focus, determination, speediness and hard working. Peli Francisc – cleverness, vast experience, the ability to see behind the obvious.’
‘The team is very diligent, detail oriented, client focused and professional. In every instance, their advice was on point, helpful and timely. Their advice provided significant value to our project.’
‘Oana Badarau and Madalina Fildan were the main contacts and relationship managers in our relationship with Peli. They both are very professional and client-oriented, always finding solutions and solving problems occurred during the engagement.’
‘The team is very good at what they do and they have an excellent reputation on the market. They have a lot of experience and this is evident, whenever you want to do something, they have done it or have seen it done.’
‘Oana Badarau is the leader of the team and she is the lawyer you want on your side. She explains legal concepts very clearly and makes complicated things seem simple – I would include her in the “survival kit” of any transaction.’
‘I have a high appreciation for Peli Partners legal team and especially for the real estate partners in the team, Francisc Peli and Oana Badarau, in particular for their commercial awareness and ethical practices, in addition to the in-depth knowledge of the law and transaction practices. Over time I received advice from Peli on the most wide area of legal aspects, each time with the same professional involvement. Senior team involvement in projects is a definite plus.’
‘I have worked with Francisc Peli for almost 20 years and he is an outstanding lawyer. I personally value his strategic thinking and the ability to keep the focus on the really important points in complex transactions.’
‘Very committed to the deal, 24/7 availability.’
‘Focused on the conclusion of the deal, very good understanding in commercial solutions as well.’
‘The deal was fast, well thought out and took into consideration all parties’ position. The entire negotiation and closing took place online, with foreign – based partners, in the unique environment of the pandemic. Not one beat was missed due to these special circumstances.’
‘Francisc Peli was the senior negotiator on legal matters on our side, the Sellers. His colleague Alexandra Ionita was the associate involved, who took care of all details, made sure the deal was running smooth and all issues were dealt with. The positive attitude, client orientation, in-depth knowledge and willingness to pull extra long hours helped us finish the transaction in short period of time, during the height of the pandemic, in an all-online environment.’
‘I appreciate Francisc Peli and Oana Badarau as remarkable lawyers with a deep knowledge of market. They approach an issue in a structured but also commercial way, considering all the aspects involved and the circumstances.’
‘They were very prompt, business-oriented and concise in the advice provided to us. I got the overall impression that they assumed a proactive and very hands-on involvement in our project. Also they were available even on short notice and handled the lengthy negotiations patiently and attentively.’
‘Oana Badarau was very prompt, available at short-notice and had a very hands-on attitude in the project. Madalina Fildan was a skilled negotiator, always keeping an eye on the commercial impact of negotiated terms while maintaining the legal accuracy, handling the project in a very pro-active manner.’
‘The team does a great job, they are fast and inventive. We have worked on a complex project and we were pleasantly surprised of their capabilities.’
‘Our main contact lawyer is Oana Badarau and she impresses us every time. She has a very good team behind (that she built) and obviously works very hard, but somehow she makes things look easy and effortless, so that the client feels supported and safe. Not all the law firms we work with have partners so involved – Oana makes us feel special.’
‘Highly professional team, committed and willing to accommodate every deadline. They are one of the most experienced on the Romanian real estate market.’
‘The team provided us excellent service, demonstrating professionalism and personal attention to all details in relation with the transaction. Francis Peli responds in an extreme timely matter, he is a very knowledge, solution-oriented and trustworthy person. Alexandra Ionita demonstrated a solid legal background, commitment and professionalism.’
‘Strongest legal team in commercial real estate sector in Romania.’
‘Oana Badarau – standing out with excellent commercial advise and senior supervision of our high level transaction. Adjusted very well for difficult negotiations during the pandemic crises. Madalina Fildan – up and coming individual dedicated to push the deal through the finish line. Extremely hard working lawyer.’
‘They are simply the best. we work together a lot in all of our deals – whether sale of finished projects or leasing or development and buys.’
‘Oana Badarau is the partner we work with. She is the best (legal talent, brains, speed, soft skills, everything) and I cannot imagine working with someone else.’
‘Out of our collaborating law firms, Peli Partners stands out with its vast experience. There is definitely no real estate subject that cannot be covered excellently by the team of Peli Partners, with very prompt and applied solutions to the diverse problems in real estate and construction. This also reflects in the quality of the solutions proposed, as they are very commercial orientated, in order to be able to adapt to our needs. This is a quality that is very appreciated, not encountered in other law firms (namely, to be able to mix the legal advise with the commercial needs of the client dictated by the reality of the market, which is definitely a challenge during this pandemic period).’
‘I have worked closely in the past years with Oana Badarau (partner at Peli Partners) and I can definitely say that she is always available for advice, consultations, opinions and so on. She currently helps in building the legal strategy of our firm, together with the in-house team and she managed throughout the years to gain the necessary trust in order to become a reliable and constant partner. Her team members, Madalina Fildan, Ioana Waszkiewicz and Ana Atanasiu are all excellent lawyers, delivery quality work based on their thorough knowledge of law.’
‘Peli Partners is one of the best law firms from Romania, with dedicated and open-minded professional lawyers, skilled not only to perfectly understand the law, but also to help your business with practical advice. A team with so many beautiful minds capable to transform the complex matters into a simple and easily to understand reality.’
‘Oana Badarau is a very client-oriented, pragmatic and solution-oriented person with a broad technical knowledge. She is reliable, fast delivery and hard working, with a great sense of humor. Madalina Fildan Raileanu is a hardworking, responsive person, with a strong attention to details. She is always finds the most suitable solution for the challenges presented.’
Adventum Quartum Central Europe SICAV
Niro Investment Group
Jones Lang Lasalle
Macquarie Group (former GLL Real Estate Partners)
Alpha Real Estate Services
West Gate Studios S.A.
American Construction Technologies
Argo Real Estate
- Assisting the real estate fund Adventum QUARTUM Central Europe SICAV in a joint venture with PortfoLion (the venture capital and private equity arm of OTP Bank Plc), in the acquisition of Hermes Business Campus from Atenor.
- Assisting Skanska on the sale in a share deal of two of its special purpose vehicles currently developing the Campus 6.2 and Campus 6.3 office projects, in which Microsoft Romania and Societe Generale European Business Services are anchor tenants.
- Assisting Macquarie Group on the sale of Floreasca Park, an office complex in Bucharest, as part of a share deal to Resolution Property and Zeus Capital Management.
Popovici Nitu Stoica & Asociatii has a deep pool of experienced real estate lawyers with a good grounding in complex acquisition and development projects. The practice covers several key areas, including land acquisition and development, construction, and structured and project finance. Contentious work also features prominently on the agenda, as well as advice on related insolvency proceedings. The versatile Florian Nițu handles both transactional and disputes matters, while Valentin Creața leads on the development side, including advice on retail, office, healthcare, logistics and residential projects. Other lead partners include M&A and banking co-head Bogdan Stoica, and the ‘very engaged and responsive‘ Ioana Șampek .
Florian Nițu; Valentin Creata
Other key lawyers:
Bogdan Stoica; Ioana Sampek
‘Ioana Sampek – very engaged and responsive. Takes initiative.’
Auchan Group (Auchan Romania, Ceetrus, Leroy Merlin)
Estoria Group & Hexagon Group
GLL Real Estate (Macquarie infrastructure and real assets (MIRA))
P3 Logistic Parks
IPSO (M REAL ESTATE)
- Advising VGP Group, a pan-European developer, manager and owner of logistics and semi-industrial real estate, on its VGP Parks projects in Romania with a €100 million land acquisition investment budget.
- Advising WDP, a leading developer and owner of logistics and warehousing, on three acquisitions of warehouse centres for a cumulative value of over €50 million.
- Advising Hexagon Group on the development of Hexagon District, a large mixed-use office, retail and residential project, and its sale to Kaufland.
Reff & Associates SCA offers domestic and international clients a ‘one-stop‘ service for real estate law. The ‘very professional team‘ is extremely active on the transactional side, including advice on related share deals and joint venture agreements. Clients seeking support on development projects have access to a diverse array of skill sets, including a large bench of lawyers with environmental, planning and contentious experience. Practice head Irina Dimitriu is ‘a top notch lawyer with great negotiating and technical skills‘. Managing associate Simona Iacob has a ‘good understanding of client’s needs‘, while Larisa Popoviciu is ‘a great professional with incredible analytical skills‘. Managing partner Alexandru Reff is a leading figure in the market.
Irina Andreea Dimitriu
Other key lawyers:
‘Larisa Popoviciu is an excellent professional, an expert in commercial law and dispute law, she has in depth understanding of our company business and and needs, is always responsive and hands on.’
‘They are seriously involved in the smallest details, very structured and logical thinking, hardworking dedicated team, they are commercially oriented and have solutions for legal aspects, they also make sure that the counterparty’s lawyers follow closely the commercial agreement between the parties.’
‘Ioana Georgescu: she is hard working, skilled, fine lawyer. She has a bright future ahead, she deserves it. Irina Dimitriu: she brings “peace” during rough negotiations with her examples from similar experiences.’
‘Proactive availability, fast response, business orientated, good professionals, large area of expertise.’
‘Very good: communication, open, good professional , good recommendation, attention to details – Diana Stan, Irina Dumitriu.’
‘Dedication and constant contact with the client, explaining the practicalities of all legal issues at hand or findings in a Due Diligence process, rather than theoretical risks. Pursuing independent investigations for clarifying the findings in a DD. Quick, reliable and prompt support.’
‘Dedication and prompt support at all times – Maria Nitulescu. Good understanding of clients needs and request – Simona Iacob.’
‘Very flexible and client oriented. Vast array of competences within the same firm. One stop legal firm.’
‘Irina Dimitriu, a top notch lawyer with great negotiating and technical skills. Larisa Popoviciu, a great professional with incredible analytical skills.’
‘Very professional team, dedicated partners.’
Haier Tech / Candy Hoover (owner of Haier Tech)
Expo Market Doraly
Banca Comerciala Romana
Zen Global DMCC
Mulberry group (Ovidiu Sandor)
Roca Investments, holding company
Andreas Stihl Motounelte
Bank of Cyprus
- Romanian law advice to the investment fund NEPI Rockcastle on the sale of an office buildings portfolio to AFI Europe.
- Advising Prime Kapital on acquisitions, development and permitting matters in relation to various Romanian development projects.
- Advising Haier Tech / Candy Hoover on the acquisition of a several plots of land in the Allianso Business Park for the development of a refrigerator production unit.
Schoenherr si Asociatii SCA has an ‘outstanding‘ real estate practice in Bucharest. The past year saw a big emphasis on deals in the agribusiness, retail and logistics industries, although the practice is also active on the residential and office-space side. Clients are quick to note the team’s experience of alternative dispute resolution as a way of settling disputes. Managing partner Sebastian Gutiu (‘a superb leader, an excellent advisor and a strong negotiator‘) leads the firm’s group-wide real estate practice, so is well placed to coordinate with the firm’s impressive network of CEE offices on cross-border matters. Simona Gutiu ‘always has been an example of readiness and professionalism‘, while Oana Constantinescu is ‘a remarkable lawyer and person‘.
Other key lawyers:
Simona Guțiu; Oana Constantinescu
‘In legal related issues it is very important to know that there is a professional well-trained and experienced team that will be able to give you the support and advice for the right and most rapid solution of your case/ file. When working with Schoenherr we can be sure that our interests are best protected and represented due to its wide range of experts a long and rich experience in various fields. As well, they are able to represent companies from various activity fields and to handle issues using the specific details of each domain. We could easily and honestly assert that with Schoenherr one can find integrated solutions to specific issues. Last but not least, we always found readiness to support and advise no matter how complex the issue was or time related!’
‘Our company collaborated mainly with Simona Gutiu – she always has been an example of readiness and professionalism who never said no, no matter how complex the issue was. She is always ready for you, she always seeks for the best and suitable solutions, she never hurries to give you incomplete information. She has always handled all the issues very closely and in every detail, while her wide experience recommends her as a reliable collaborator and good advisor.’
‘I appreciate that they assist the client in understanding the position of law and rights and liabilities. They have the capacity to explain different reason and not to be subjective. They also help the client settle the cases through Alternate Dispute resolution Mechanism.’
‘They team is very professional, with aim to satisfy business needs.’
‘All legally skilled and helpful.’
‘Schoenherr Romania’s real estate team is outstanding. The team knows our business and is capable to align their legal solutions with our commercial goals. We own and operate a very large number of real estate assets. Having a real estate counsel experienced in handling large-volume projects is essential to us. Schoenherr is that counsel and we have been happy with their advice.’
‘Oana Constantinescu is a remarkable lawyer and person. She is a proficient real estate lawyer, very thorough and efficient. We enjoy working with her.’
‘Schoenherr is a strong firm in Austria and the Central and Eastern Europe. Their Romanian office is arguably the largest presence in the local market of an international law firm. You go to them if you want the best international level legal advice provided by Romanian lawyers. They regularly work together with other offices in their network.’
‘Sebastian Gutiu is our to go to person in real estate projects in Romania. He knows the sector and is very well connected. Sebastian is a superb leader, an excellent advisor and a strong negotiator. He manages the firm so has a lot on his plate with that, still he will take the time to get involved in challenging or high scale real estate projects.’
‘You will receive the turn key solution with the highest level of competence. I appreciated also the approach to solve partial issues of negotiation among the local advisors independently from the area. It means our legal advisor took over also the coordination of finance tax and technical points.’
‘Clear local organization combined with really good management by the managing partner.’
OMV Petrom Group
UNIQA Real Estate
- Advised UNIQA Real Estate on the acquisition of The Light One office building in Bucharest from River Development.
- Advised OMV Petrom on all legal matters regarding the extension of an existing partnership with Auchan Retail Romania, to open 400 MyAuchan local stores in Petrom filling stations over the next five years.
- Advised a real estate developer on the development of a large residential project in the Central-North area of Bucharest.
Tuca Zbârcea & Asociatii has a top tier, multidisciplinary real estate practice that is ‘one of the best‘ in the market and ‘very good at solving thorny property issues‘. Clients appreciate the ‘expertise and clear advice‘, while the lawyers are ‘very prompt,’ and have a ‘great attitude towards business’. The firm represents clients from all corners of the market, including developers, investors, retailers, public authorities and lenders. This diverse approach extends to its contentious and non-contentious skill-sets, including environmental, planning, developmental and transactional. Practice head Razvan Gheorghiu-Testa has an ‘excellent understanding of business and the client’s needs‘, with partners Dragos Apostol , Dan Borbely and Oana Ureche also highly experienced in this area. Clients also highlight the ‘formidable work ethic‘ of managing associate Alexandra Peres.
Răzvan Gheorghiu-Testa; Dan Borbely; Oana Ureche; Dragoş Apostol
Other key lawyers:
Raluca Misu; Amalia Dumitru; Alexandra Peres
‘I think the team is very good and highly experienced as regards real estate acquisitions, dispositions and developments, providing integrated contentious and advisory services. They are well versed in advising on the real estate and construction aspects of significant energy and infrastructure projects, and well capable of handling the relevant financing and environmental matters.’
‘Razvan Testa and his real estate team are amazing. They are very good at solving thorny property issues and they are one of the best commercial real estate teams I’ve ever met. The input we received across a wide range of real estate and property matters relating to our assets in Romania was invaluable. Alexandra Peres is a young lawyer with a formidable work ethic and a can-do attitude.’
‘Professional team with great people. Expertise and clear advice, also in complicated situations.’
‘Razvan Testa (partner) – Excellent understanding of business and the client’s needs. Great support in negotiating the deal. Very experienced with high problem-solving capabilities.’
‘They have a great lawyers team to work on real-estate matters – due diligence/ contracts. They are always very prompt, great attitude towards business, they are following the interest of the client without making compromise on legal matters. They have a very good understanding of the relevant legal aspects and they are evaluating in an objective manner any risk associate with a real-estate project. It is a real pleasure working with them.’
‘Razvan Testa, Amalia Dumitru, Ioana Marculet – Great professional standards. Always available having a great/ positive attitude. They keep the deadlines. Great way to conduct and structure a due diligence.’
‘We are clients of Tuca Zbarcea & Asociatii for more than a decade, I guess that speaks volumes in terms of their efforts in client satisfaction. Their vast experience and dedication ensures successful transactions.’
‘Razvan Testa’s business oriented mindset and vast experience puts in motion his entire team to comply with the most complicated client needs. Alexandra Peres’s dedication and enthusiasm is outstanding, always putting the clients needs first, even while on holidays. A rare commodity. Armed with vast experience and great negotiation skills ensures that clients needs are properly represented towards third parties.’
‘They have a unique team that combines very well extraordinary skills of every individual with the necessity of the client. They use very well the technology (online meetings during the pandemic period) with a huge experience.’
‘Special qualities and strong team leader Razvan Gheorghiu Testa with his team (Amalia Dumitru and Ioana Marculet both of them with huge capabilities for analytics skills) for an exceptional due diligence. Also special skills (work under pressure with short-term decisions) and very important part of the process of due diligence.’
‘Professionalism, promptness, punctuality.’
‘Our company has collaborated on real estate, and leases, and in this field they have shown professionalism. they are very prompt, very attentive to details and come up with clever solutions’
‘High quality work, clever legal solutions, effective communication, strong experience in real estate law and real estate transactions and lease transactions – Razvan Testa and Dragos Apostol.’
Morgan Stanley Real Estate Investing
Vodafone Group Services
Cinema City Romania
Superbet Group, part of Blackstone
Edificia Star Construct
(Former) Owners of Ramada Majestic Hotel
- Advising Morgan Stanley Real Estate Investing (MSREI) in connection with all asset and property management issues linked to the fund’s first investment in Romania.
- Legal assistance to CEZ in the divestment of its Romanian assets to Macquarie Infrastructure and Real Assets (”MIRA”) – Romania’s largest deal since 2008.
- Assisting the owners of the iconic Ramada Majestic Hotel on the hotel’s sale to a Swiss company.
Biris Goran SPARL is a strong choice for major real estate transactions and development projects. The firm acts for a mix of domestic and international investors and developers, including corporate owners and investment funds. Complex transactions, often with a heavy corporate element, have featured prominently on the agenda in the past year, both in terms of divestments and acquisitions. The firm was also busy with several high profile mixed-use, industrial and logistics developments. Daniela Lazea has good expertise in transactional and contentious matters, while Sorin Aungurenci has a particular emphasis on zoning and related regulatory issues. Mariana Signeanu is the main contact for related project finance.
Daniela Lazea; Sorin Aungurenci
Hagag Development Europe
Procter & Gamble
Renergy Power Plants
- Assisted SIF Banat-Crișana on the indirect (via a share deal) acquisition of the land on which the IMGB Bucharest industrial platform is located, with an area totaling 540,000 square metres.
- Assisted Tubinox in the sale of 100,000 square metres worth of industrial land and related buildings in Bucharest.
- Assisted Zeus International in the financing and then acquisition of a portfolio of three hotels in Bucharest from Alpha Real Estate.
CMS has ‘excellent knowledge of local laws, but also of international contractual standards‘. The team’s expertise covers all regulatory, transactional and contentious aspects of major development projects and real estate acquisitions and divestments, including related corporate structures. Clients include investment funds, corporate owners and tenants, operating in the retail, office, industrial, hospitality, agricultural and logistics sectors. The firm also has a strong emphasis on the energy and power industries and has been involved in a growing number of renewables transactions. Practice head Roxana Fratila ‘stands out, with very good negotiation skills, technical knowledge and is also proactive in proposing solutions‘.
Other key lawyers:
‘Having close to you, well prepared staff who understand well technological, legal, construction and financial aspects, is a real advantage. It was really useful during one of our construction contracts negotiation to find the appropriate solution in order to move froward with our customer by adapting the construction legal aspects with financial and tax advising.’
‘Very good knowledge of construction legal aspects, well prepared in relation with our company specifics and services. Roxana Fratila knows all details about our company, understands the behaviors of the management team and knows the company culture, which creates real slickness between us and creates confidence. Moreover, the answers and solution are faster.’
‘Excellent knowledge of local laws, but also of international contractual standards.’
‘In particular Roxana Fratila stands out, with very good negotiation skills, technical knowledge and is also proactive in proposing solutions. Quick and easy to interact with.’
‘The project we had together was pretty small and we moved very fast into having the deliverables ready. Everything was very smooth, the subject was well understood by the legal firm.’
‘I appreciate the opening and the fast delivery time.’
AGI Hera (Alpha Group Investment)
BV McCANN-Erickson SRL
- Advised AFI Europe on the acquisition of shares in six companies owning eight office buildings in Romania, from NEPI Rockcastle.
- Assisting DP World in the negotiation of a comprehensive package of documentation with the Belgium developer ILD, for the development of an intermodal park in Central-Western Romania.
- Advising a syndicate of banks comprising Banca Comerciala Română, BRD Group Société Générale and Erste Bank in relation to the €78m real estate financing of one of the largest premium office developments this year, One Cotroceni Park.
Dentons is ‘significantly experienced in the widest range of real estate topics‘ and is popular with international investors on cross-border acquisitions and development projects. Areas of expertise include real estate M&A, litigation, development, asset management and finance, as well as more niche areas such as title insurance. The versatile practice head Bogdan Papandopol has over 20 years’ experience in the market, and is praised for being ‘a very experienced litigator, which adds a big plus to his experience in consultancy ‘. Other key partners include managing partner Perry Zizzi and recent recruit Cristian Popescu (from Popovici Nitu Stoica & Asociatii) who is particularly active in the agricultural sector.
Other key lawyers:
Perry Zizzi; Cristian Popescu
‘The team is significantly experienced in the widest range of real estate topics, being able to cover any matter in this field involving a high degree of technicality. The team is very prompt and dedicated, always there for support and for generating the best tailored solutions for the situations at hand.’
‘Bogdan Papandopol is a very experienced litigator, which adds a big plus to his experience in consultancy, as he is able to not only give the best advice which would fit the client’s needs, but to also grasp any potential risks and incorporate their mitigation in the solutions he offers.’
Atrium European Real Estate
CEE Equity Partners
Societatea Agricola Sohatu
Black Sea Trade and Development Bank
White Star Real Estate
- Advised KC Agro on the acquisition of a working farm in Timisoara from a French investor, including approximately 2,800 hectares of arable land.
- Advising Atrium European Real Estate, an international owner, operator and developer of shopping centers in CEE, on the sale of lands located throughout Romania
- Assisting Fortress REIT, a hybrid fund investing in direct properties and other listed real estate companies, on the acquisition of two companies that own a logistics park located in the outskirts of Bucharest.
DLA Piper Dinu SCA is considered ‘an essential partner‘ by clients who value the real estate team’s ‘responsive, detail oriented and customer focused‘ lawyers. The comprehensive service encompasses asset and share-based acquisitions and disposals, as well as high-end development projects and structured financings across the full range of asset classes. This overlaps into key markets such as renewables, where lawyers such as the ‘extremely reliable and responsive‘ counsel Florin Tineghe ‘is like an encyclopaedia of solutions‘ for permitting strategies. Practice head Alin Buftea and the team are ‘simply fantastic‘. Clients include investment funds, developers, operators and lessors.
Other key lawyers:
‘DLA Piper is an essential partner for our projects in Romania. We have relied on and DLA has provided innovative solutions in assuring an effective and swift permitting process for our projects. People are the strength of the firm. The team assisting us on real estate matters is coordinated by Florin Tineghe and they are very responsive and professional addressing each request in an exceptional manner.’
‘Florin Tineghe, Counsel in the real estate team, handles all our real estate matters. He is like an encyclopaedia of solutions for our multiple challenges in RE in Romania. He stands out as extremely reliable and responsive. He builds our permitting strategies from the first stage up to the issuance of the relevant documents, including the discussions and solving the issues directly with the authorities, architects and other consultants. The level of his involvement in our projects makes him a valued member of our internal team rather than a simple external consultant. Comparing with other lawyers I have worked with, in addition to his reliability and responsiveness, Florin has a great understanding of the RE field and sector and is able to anticipate and propose solutions for our potential concrete risks thus giving efficiency and stability to our projects.’
‘Responsive, detail oriented and customer focused.’
‘Alin Buftea and his team are simply fantastic. They have negotiated and represented us in multiple transactions and we have always found them competent and reliable.’
PPF REAL ESTATE
PRIME KAPITAL DEVELOPMENT
OPUS LAND DEVELOPMENT
LANDMARK SMART RENTALS
GRAWE ROMANIA ASIGURARE
INTERCONTINENTAL HOTELS GROUP (IHG)
HYPO NOE LANDESBANK FÜR NIEDERÖSTERREICH UND WIEN
PNE WIND ENERGY HOLDING ROMANIA
- Assisting PPF Real Estate with the operation and lease of its two office buildings in Bucharest (Crystal Tower and Metropolis Center).
- Advised HYPO NOE Landesbank für Niederösterreich und Wien AG, as lender, on the required due diligence for a €16.6 million multi-tranche term loan facility granted to a Romanian borrower.
- Assisting PNE Wind Energy with the acquisition and permitting of its photovoltaic and wind projects in Romania.
Eversheds Sutherland Romania has established a strong position in the Romanian real estate market, representing clients from all sides of the table. The team acts for an impressive stable of prominent corporate leaseholders, including Microsoft, as well as several significant industrial manufacturers, such as Volvo. Developers and investors also regularly use the team, which has recently been involved in several significant acquisitions and developments in the retail sector. Clients appreciate the team’s multidisciplinary approach, while practice head Cristian Guia is ‘a knowledgeable and eager negotiator who coordinates clients interests internationally‘.
Other key lawyers:
‘The team has a multidisciplinary design, but also with closeness to the client led by the assigned contact person.’
‘Cristian Guia is a knowledgeable and eager negotiator who coordinates our interests internationally.’
AmRest (Starbucks/Burger King)
- Advising Microsoft on all aspects of its office in the Campus 6 complex, including post-closing activities and the implementation of construction works.
- Advising Vodafone in a multi-jurisdictional project related to its passive infrastructure in Romania.
- Advising Volvo Romania on various real estate projects (including freeholds and leaseholds), primarily related to its Romania-based trucks business.
Kinstellar has an experienced team that provides a ‘strong blend of local and international understanding and approach to transactions‘. An active client list of investors and developers ensures a regular flow of high-profile acquisitions and divestments across a range of asset classes, including agricultural, retail, office, industrial and residential. The firm’s regional footprint also makes it a popular choice for multi-jurisdictional investments. Practice head Victor Constantinescu brings ‘deep knowledge of the industry‘ and is praised for being ‘very approachable and easy to engage in any project‘.
‘Strong blend of local and international understanding and approach to transactions.’
‘Victor Constantinescu – leading understanding & application of law coupled with transactional experience.’
‘Exceptional legal knowledge about the real estate and construction works, quality of the work and structural way of working, availability of the team were exceptional. Thus, we, as the company, wish to work Kinstellar in other countries as well.’
‘Legal knowledge and availability, quality of the work and response time.’
‘Kinstellar has deep knowledge and experience in dealing with real estate matters. Their uniqueness relies on the ability to find solutions in difficult matters, involving several stakeholders (like experts, architects) managing to align them all in order to get the best solution for the client.’
‘Victor Constantinescu is very approachable and easy to engage in any project. His deep knowledge of the industry is what recommends him best.’
S IMMO AG
Zeus Capital Management
Cromwell Property Group
Adval Asset Management
Kalidom – Rosetti Estates
- Advised the Vienna-listed real estate investor and developer, S IMMO AG, on the €97 million acquisition of Campus Buildings 6.2 and 6.3 from Skanska.
- Advised the joint venture between Resolution Property and Zeus Capital Management, on the €100 million plus acquisition of Floreasca Park, a major office complex in Bucharest, Romania, from GLL Real Estate Partners.
- Advised a Romanian consortium now doing business as Vetimex Business Centers, on the negotiation, signing, closing and refinancing of the Cluj-based Vivido, Advancity, and Cube office projects
RTPR | Radu Taracila Padurari Retevoescu SCA has ‘a professional and well prepared team‘ of real estate lawyers who are ‘excellent, both in terms of their legal skills and market knowledge‘. The full service offering encompasses acquisitions and disposals, construction, leases, and planning and environmental issues. This includes advice to major lenders on financings and loan portfolio sales. Alexandru Retevoescu leads the team alongside Raluca Năstase who ‘takes the time to understand the issues and the client’s business intimately and ends up being an invaluable asset‘. Counsel Ianita Tui and senior associate Bogdan Cordos also impress with their ‘professional approach, their legal expertise and high level of involvement‘.
Alexandru Retevoescu; Raluca Nastase
Other key lawyers:
Ianita Tui; Bogdan Cordos; Cristi Porojanu
‘RTPR has a professional and well prepared team specialized in real estate business, with extensive knowledge of the applicable legislation and also of the technical and business details. Also, it is worth mentioning that their advice was always consistent, timely and shaped on our needs which proved to be very helpful in the development of our project.’
‘Ianita Tui and Cristi Porojanu are the lawyers from RTPR that assisted our company in the real estate projects. We were impressed by their professional approach, their legal expertise and high level of involvement in any of the legal matters of the deal.’
‘Highly professional, prompt, deliver on promises, knowledgeable.’
‘Ianita Tui is our partner from RTPR, she has been involved in our relocation project, dealing with an extremely difficult lease agreement and context. She is highly professional, real expert, very articulate and firm in her opinion, delivers on promises.’
‘RTPR are a complete team of highly professional people with practice in the Romanian market. The approach is oriented towards results and solutions rather than issues.’
‘Raluca Nastase is a person I have worked with on multiple transactions and she is dedicated to her clients, earns the trust and respect through hard work and dedication, availability and ethics. She takes the time to understand the issues and the client’s business intimately and ends up being an invaluable asset to her clients.’
‘The RTPR team is excellent, both in terms of their legal skills and market knowledge. It is very easy to work with them and there is a real sense that the team is dedicated to the project, contributing with their energy and experience to its success.’
‘Ianita Tui – experienced, market knowledge, business orientated. Iana stands out thanks to her dedication to the needs of the client. Bogdan Cordos – combines legal expertise with a practical and business orientated approach to the project. He has a hands-on approach and efficiently manages all aspects of the legal workstream. It is a pleasure to work with the entire RTPR team.’
- Advised Oresa on the acquisition of the logistics and industrial park Solo Iasi from Tester Group.
- Advised Mitiska REIM, through its local vehicle, in relation to the sale of real estate in Romania.
- Advised Greif on the review and negotiation of a lease agreement for a new production facility for Greif Flexibles SRL in Romania.
Boanta, Gidei & Asociatii SCP (in association with CEE Attorneys)
Boanta, Gidei & Asociatii SCP (in association with CEE Attorneys) has a multi-faceted real estate practice with good expertise in property leases, development projects, acquisitions and financings. Clients appreciate the ‘exquisite personalized treatment‘ they receive from a ‘great team‘ that ‘handles specialist areas like property very well‘. This includes experience of retail, industrial, logistics, office, residential, and agricultural and forest projects. Practice head Sergiu Gîdei is ‘highly professional and gives great advice‘. The team also assists clients with the regulatory and contentious side, including planning, zoning and environmental issues.
‘Very good team, with great knowledge and an exquisite personalized treatment. They are exceptional professionals.’
‘Most lawyers only summarize the regulations, they are involved to achieve the best results.’
‘Great team – very customer focused. Good general commercial legal knowledge but also handles specialist areas like property very well.’
‘Generally work with Sergiu Gidei – have known for many years. Highly professional and gives great advice.’
‘The team are updated on the last news and practice going around, they are collaborating very nicely and efficiently among themselves, giving the way to good services to the clients .’
‘They are involving themselves in different issues like it is their own case/problem.’
Olympian Park Group
Romania Hypermarche – Louis Delhaize Group (Cora)
Delamode Romania –Xpediator Group
Yusen Logistics Romania
Terra Invest Group
- Advising Olympian Parks Group on the acquisition of real-estate comprising a 60,000 sqm land plot in South Bucharest for the purposes of extending Olympian East Bucharest Park.
- Advising 4Property Partners (a residential property developer) on the purchase of a historical property in downtown of Bucharest for the purpose of developing a high-end residential project.
- Advising Romania Hypermarche (Cora, part of Louis Delhaize Group) in connection with the negotiation of several lease agreements for implementing a new local store concept – Cora Urban.
Bondoc si Asociatii SCA has an active and well-integrated commercial real estate team that works closely with other key departments including energy, corporate, finance and litigation. Lead partners include ‘the very experienced and very business oriented‘ Mihaela Bondoc and Cosmin Stavaru who share nearly 40 years in the market. Their team is praised for its ‘excellent knowledge, experience and client service‘ and for being ‘very strong in regulatory’. As well as investment funds and development and construction companies, the firm represents an impressive range of corporate owners and tenants operating in the retail, energy, agricultural, logistics and manufacturing sectors.
Mihaela Bondoc; Cosmin Stavaru
‘Excellent knowledge, experience and client service sense. Large team. They cover all types of real estate work (which is not frequent in Romania), including large logistics. Very strong in regulatory as well. Also, the finance experience help them manage very well real estate projects involving bank financing.’
‘Mihaela Bondoc and Cosmin Stavaru are very experienced (Mihaela is also a trained valuator) and very business oriented. Ionut Stircu and Matei Vilcov are very experienced. Excellent team.’
‘Very prompt and knowledgeable . They cover many types of real estate work, including industrial, natural resources related also. Very strong in regulatory as well.’
‘The most important fact is that they have a 360 degrees approach, coming up with a lot of relevant angles to look from at the matter in discussion.’
‘What makes them different is the fact that they get involved at very detailed level, they become part of our team and they put them selves in our shoes.’
- Assisting the chemicals group Clariant on several real estate issues including urban planning, construction law and land acquisitions.
- Real estate due diligence to the investment fund PPF Group in connection with its acquisition of a global media group and Romanian subsidiary.
- Assisting Restart Energy on its acquisition of a 45MW photovoltaic plant.
bpv Grigorescu Stefanica enjoys a good market reputation, particularly with clients who appreciate its ‘extremely helpful and competent, efficient guidance and prompt service‘. The firm represents a broad range of clients including investors, developers and retail occupiers on acquisitions and development projects. This includes residential, retail, hospitality, office and agricultural land. Practice head Anca Albulescu ‘has a high level of expertise with a strong track record handling real estate and construction mandates‘, while managing associate Nicolae Ursu ‘has an excellent understanding of the legal system‘. Disputes head Daniel Stefanica is also on hand for related contentious issues.
Other key lawyers:
Daniel Stefanica; Nicolae Ursu
‘Extremely helpful and competent, efficient guidance and prompt service’
‘Friendly, competent, helpful, they are a great addition to our team’
‘We have made an excellent decision when choosing bpv GRIGORESCU STEFANICA to advise us on this transaction. They are a strong team of experts characterized by professionalism, seriousness and high responsiveness. We were impressed by the direct involvement of the partners. Furthermore, they have commercial awareness, a broad understanding of current affairs and business news and how developments are likely to affect the firm. The team guided us sure-handedly through our first acquisition in Romania and helped us get the deal through in a short period of time, even if we dealt with some legal hurdles, and we also had to face restrictions due to the Covid-19 situation across Europe.’
‘Individuals Partner Anca Albulescu and Nicolae Ursu, managing associate, have provided excellent service. Anca has a high level of expertise with a strong track record handling real estate and construction mandates, and a deep business understanding. She was flexible and had innovative solutions to our requests. Nicolae Ursu has an excellent understanding of the legal system, reply fast and is highly skilled. Together with Diana Radu, he had provided highly appreciated guidance. ’
Blockchain – Mitza Biciclista
- Ongoing legal advice for Hornbach in an extensive range of real estate projects, including land acquisitions and the opening of new stores for DIY retail units.
- Advised Supernova in the acquisition of a shopping mall in the southern part of Romania, and the related business, through a complex business transfer.
- Assisted Blockchain Industries in the acquisition of a well-known historic property – Mita Biciclista, as an investment in the real estate market.
Clifford Chance Badea has a ‘solutions‘ and ‘client oriented‘ commercial real estate practice that is praised for its ‘diversified expertise‘, and is a solid choice for complex cross-border mandates. The firm is particularly strong on the financing side where it represents a mix of borrowers and lenders on loans, refinancings, bond issues and securitisations. In addition to real estate acquisitions and sales, the group also has experience on development projects and related planning and environmental issues. Key partners include corporate head Nadia Badea for the transactional side, and Andreea Sisman for infrastructure and construction matters.
Other key lawyers:
‘Good collaboration, good expertise, solutions oriented, very good technology, diversified expertise.’
‘Easy to reach, client oriented.’
MAS Real Estate
Banca Comerciala Romana
- Advised MAS Real Estate, a CEE-focused investor and operator of predominantly retail assets, on its inaugural five-year €300 million green bond issuance.
- Advised a real estate developer in the bilateral discussions with CNAIR after receiving notice of an expropriation decision regarding a motorway project.
- Assisting a real estate developer in the pre-litigious phases for signing a sale agreement for a 80,000 sqm mixed-use development project.
Filip & Company has strong credentials for real estate financings and acquisitions, as well as development projects and lease agreements. The team works closely with the corporate department on the real estate aspects of major M&A deals, and the firm’s deep bench also ensures good support on regulatory and litigation matters. Clients include major investment funds, developers, construction companies and occupiers. Practice head Ioana Roman is an ‘outstanding lawyer and person‘ who ‘provides all the answers fully and on time‘. Roman is backed by a well regarded team of associates including the ‘very intelligent and hardworking‘ Andreea Gheorghiu.
‘Expert and in-depth knowledge of the market, of the legal practice, focused on understanding client’s business and culture, adapted/customized solutions – a trusted partner.’
‘Filip & Company’s support goes far beyond legal advice. Their knowledge about the renewables market in Romania, especially their deep understanding of legal, commercial and technical contexts is exceptional. They are very well networked and thus always informed about current developments in the market.’
‘Ioana Roman is an outstanding lawyer and person.’
‘We have always felt fully supported by the team, without any communication issues or misunderstandings. You talk to one, but you know everyone else is also informed. It provides a great feeling of trust and comfort. Also, any requests or questions we had regarding invoices, they were treated with care and resolved in no time.’
‘It has always been a pleasure to work with Ioana Roman and team around her for now almost two years. Not only she provides all the answers fully and on time, but also does it with humour which makes working atmosphere very enjoyable. The quality has always been spot on: not only providing answers, but outlining pros and cons and consequences of various possible scenarios, providing questions to the answers we have not asked but should have asked. Ioana always has your back, even during her annual leave or in the evening if there any emergencies.’
‘The law firm is a real business partner, having flexible lawyers with great business understanding and proactive advice. The law firm differentiate from others through great collaboration with the in-house lawyer’s team.’
‘Ioana Roman supports in this area. She is very much involved in understanding the context of legal cases, with proactive attitude and great negotiations skills, she supports the in-house legal teams and property teams to achieve the best results in all the subject matters.’
‘Excellent knowledge of intricate real estate matters involving both the public and private sector.’
‘Ioana Roman (Partner): Ioana has a deep expertise in real estate matters which we welcomed during disputes. Highly responsive (which seems to be a feature of Filip & Co lawyers) and spot on advice.’
‘Filip & Company lawyers are passionate about their work, pragmatic and able to deal with complex issues, as well as arrive at practical solutions. The assistance provided by Filip & Company has been an asset to us. They have a very commercial and practical approach but above all are very responsive and supportive of our business. They are focused on the client and have an excellent business perspective, always considering the broader picture.’
‘On real estate matters we are working with Ioana Roman and her team. I highly recommend Ioana Roman, she’s very detail-oriented and understands client needs. She is a high-level professional lawyer, with impressive business understanding and she is a pragmatic problem solver. I would recommend Ioana as being the best combination of legal professional and business support. We have also worked with Andreea Gheorghiu. She is a very intelligent and hardworking young lawyer, with the will to excel.’
‘The Filip team consists of first-class professionals covering the entire spectrum of legal specialties. The team has vast experience in numerous projects and M&A deals with local and international companies. They have perfect knowledge of the legislation, as well as its application in the Romanian market which gave me extreme comfort and confidence about the legal advice received. During the pandemic, despite the restrictions, our communication was excellent since the entire team has excellent usage of technology applications and software (video calls, circulation of marked-up documents, accurate billing system, etc). I would like to highlight also the trustfulness and promptness in all aspects of our collaboration: such as deliverables, deadlines, feedback.’
‘Alina Stancu Birsan: top-notch leadership, negotiation, and management skills. Articulate in discussing and scrutinizing complex M&A structures. Ioana Roman: an exceptional professional with outstanding analytical and soft skills. Eloquent in both English and Romanian language and highly proactive. Roxana Diaconu: excellent organization, collaboration, and communication skills demonstrated under extreme time pressure. Attentive to details. Ilinca Porojan: Creative problem solving, commercial awareness, and ability to work under time pressure.’
‘Filip & Company were highly professional and trustworthy when comparing to other collaborations with law firms from Eastern & Western Europe and Middle East. They did a fantastic job in leading the contract negotiations, were meticulous in reviewing and editing the contract, rapid to respond and most importantly provided good advice/solutions to the problems at hand.’
‘I collaborated mainly with Ioana Filip. What I appreciated the most is her ability to provide really good advice and solutions and help guide decision making. She displayed very good real estate expertise and was very professional. I also admire that during the negotiations she kept her calm and provided logical and good arguments.’
‘Their uniqueness relies on the very prompt responses and business oriented approach. They are focusing more on the pragmatic feedback that the client needs rather than putting a lot of disclaimers when they are consulted. This shows the high level knowledge and expertise and also that they are acting as true partners and not only as consultants.’
‘Both Ioana Roman (Partner) and Alexandru Popa (Associate) are highly skilled not only in real estate but also in knowing how to easily communicate with the client and understand the needs.’
‘I always appreciated in Filip & Company that they are strong negotiators, always aiming very high in achieving the results wished by their client. While working with the team from Filip & Company in different real estate projects, I noticed that they focus on being very organized when putting forward a tremendous amount of information (especially in due diligence), being very structured, clear and concise, which makes the task of the client in assessing the information very easy. This is a quality that not so many real estate lawyers have on the Romanian market.’
‘I worked closely with Ioana Roman (partner at Filip & Company) in our real estate projects and what I appreciate most is her ability to communicate with clients. She always has spot on suggestions, she is never out of resources and she understands the fast pace of our requirements. Ilinca Porojan, one of the associates in Filip & Company, is another member of the teams that is aware of the importance of delivering on time the materials to the client.’
‘Clear and transparent procedures .Clear and transparent team allocation.’
‘Dedicated and professional experience in real estate. Open to innovations.’
RCS & RDS
Holcim Romania S.A.
Alesonor/ Magnet Developments
PPLI Group/ Veranda Obor
Kingfisher PLC/ Bricostore Romania
Real Hyper Magazine/ Remarkt Magazine
One United Properties
Tiriac Group/ Tiriac Holdings
Sof Medica Group
Kameran Financial Limited (Vladimir Cohn)
Coöperatieve Rabobank U.A.
Total Soft S.A.
Rueben Brothers Group/ TFB Mortgages
Comtel Focus S.A. / Vienna House
Musat & Asociatii has a long-standing track record in the market where it represents a mix of developers and corporate and private investors. The team has several high-profile clients in the retail space, such as the German retailer Kaufland, which it has advised on its land acquisitions throughout Romania. Practice head Monia Dobrescu is praised for her ‘excellent communication‘ and also has strong credentials in real estate finance, advising both borrowers and lenders. The team also works closely with the litigation department, and has good expertise in related regulatory issues, such as environmental and planning law. Other key team members include partner Andra Mihalache and well-regarded managing associate Mădălina Trifan.
Other key lawyers:
Andra Mihalache; Mădălina Trifan
‘On line contact is useful. Excellent communication and advise from Monia Dobrescu.’
MK Group Ltd
EBRD (European Bank for Reconstruction and Development)
- Advised Kaufland in connection with various real estate acquisitions in Romania during its expansion process.
- Advised Adesgo in connection with the sale of Adesgo factory and surrounding land.
- Advised EBRD on real estate matters relating to a multimillion facility granted to TeraPlast Group, an important construction materials manufacturer, with the purpose of refinancing outstanding balance of historical loans or intra-group loans.
Stratulat Albulescu Attorneys at Law has an experienced real estate team that represents a mix of investors, developers and occupiers. The ‘client-oriented‘ practice is praised for its ‘high enthusiasm and the capability to give tailor-made advice‘. Recently the firm was involved in several high value land acquisitions and retail park developments, with ongoing advice to owners on rent issues linked to the pandemic. The team is led by managing partner Silviu Stratulat , who has ‘a practical knowledge that only a few lawyers have‘. Andrei Albulescu handles the development side of the practice.
Silviu Stratula; Andrei Albulescu
Other key lawyers:
‘In what concerns the real estate matters, I highly recommend Silviu Stratulat, Tudor Ciambur and Daiana Assoum. Silviu is a stand-out partner with a client-oriented approach and a practical knowledge that only a few lawyers have. He works with very competent real estate lawyers such as Tudor or Daiana, both with a great knowledge and understanding of the task. They’re highly devoted and well-prepared, demonstrating a unique blend of excellent legal perspective with social skills.’
‘The team is very client oriented, all needs are addressed in a timely manner in high quality. The solid legal knowledge of each team member is paired with high enthusiasm and the capability to give tailor -made advice. Urgent requests are treated with exceptional efficiency.’
‘The individuals I work with have a very fast understanding of the matters and my need for the nature of the advice. They are capable to understand my way of thinking and pick up on my legal ideas quickly.’
‘Hard working, multiple projects in the same time, reaction speed in the pandemic context.’
‘On the real estate side we usually work with Tudor Ciambur and Daiana Assoum. Both of them are knowledgeable in all aspects of real estate matters. The team is coordinated by Silviu Stratulat who is also the Managing Partner of the firm. The long and the short of it: a well-coordinated, efficient and problem-solving real estate team. We have worked with the team over a long period and their experience, knowledge and professional support is part of our successful growth and prevailing during difficult times (i.e. Pandemic period). I highly recommend the team and the individuals.’
Cordia International Hungary
World Class Romania
Hervis Sports & Fashion
Grant Thornton Romania through Zeta Properties
Titan Sun Park
- Advised a high-net-worth individual, on the acquisition of a 100,000 sqm land plot in Bucharest on the site of the former Republica factory.
- Advised Cordia Dante on the acquisition of a land plot in north Bucharest.
- Advised Element Development on the acquisition of a 2.7 hectares land plot to be used for a future logistics development.
Voicu & Filipescu SCA handles a wide spread of contentious and non-contentious real estate matters, including sales and acquisitions, development projects, lease agreements and environmental advice. Clients include investors and developers, as well as high profile occupiers and owners in the retail and manufacturing sectors. The lawyers ‘offer confidence through their professionalism and always have suitable solutions‘. The ‘well trained and informed‘ team is led by Roxana Adina Negutu who has over 20 years’ experience in the market.
‘Professional, accurate, fast responding, correct.’
‘The team is well trained and informed, they work hard and are very dedicated to the project.’
‘They offer confidence through their professionalism and always have suitable solutions.’
AC Nielsen, part of VNU Group
REWE PROJEKTENTWICKLUNG ROMANIA/ REWE Romania
Bel Rom Group
Astra Investitii Imobiliare
CDI (part of Deslee Clama Group)
- Advising the retailer Rewe on its real estate activities in the Romanian market, including acquisitions and project management agreements.
- Ongoing assistance in relation to Bel Rom Zece’s real estate acquisition and development projects in Romania including the financing and development of several retail parks.
- Advising Astra Investitii Imobiliare on its acquisition of a land plot in Olimp.
Wolf Theiss has an experienced team in Bucharest that integrates well with the firm’s impressive regional office network. Clients appreciate the group’s ‘very strong local expertise and a sound understanding of the business‘ as well as its ability to ‘steer projects and transactions with utmost professionalism‘. Major lenders, such as Erste Bank, regularly use the firm on high profile real estate financings. The team also acts for several major funds on their investments in the market, either as part of broader corporate deals or as direct commercial property transactions. Managing partner Bryan Jardine leads the team alongside the ‘very professional‘ counsel Flaviu Nanu .
Bryan Jardine; Flaviu Nanu
‘The team has a very strong local expertise and a sound understanding of the business. They steer projects and transactions with utmost professionalism. Every matter is dealt with promptly and the outcome is always according to or even above expectations.’
‘We appreciate and value to collaboration with Flaviu Nanu. He has a very strong local knowledge, always prompt to respond, very professional, strong negotiator and always hands on, driving the project forward. It is always a great working experience.’
Aberdeen Immobilien Kapitalanlagegesellschaft, Degi Millennium Tower
Revetas Capital Advisors LLP
Erste Group Bank
Banca Comerciala Romana
NOVALPINA CAPITAL LLP
- Assisted Erste Bank and its Romanian subsidiary Banca Comerciala Romana in several high-value transactions, including a €170,000,000 facility to AFI Europe group to finance its acquisition of NEPI Rockcastle’s office portfolio in Romania.
- Advised Revetas Capital Advisors LLP, a real estate investment fund, on post-acquisition matters regarding its real estate portfolio in Bucharest, including the Bucharest Radisson Hotel and Landmark Office Complex.
- Advised Novalpina Capital LLP on the acquisition of the MaxBet group of companies, including the due diligence of 130+ leases for gaming locations throughout Romania.
D&B David si Baias SCA covers a wide array of real estate matters, including transactional mandates and industrial development projects. The past year saw the firm advise on commercial deals with a heavy real estate component, including factory and agricultural acquisitions. A strong selling point is the firm’s expertise in related areas such as tax, where its membership of the PwC Legal network is particularly beneficial. Lead partners include managing partner Sorin David and corporate head Anda Rojanschi . The team is headed by managing associate Georgiana Bălan ‘who is skilled, prompt and a nice person to work with‘.
Sorin David; Anda Rojanschi; Georgiana Balan
‘Strong team covering all areas of law’.
‘I would single out Georgian Balan who is skilled, prompt and a nice person to work with.’
KROMBERG & SCHUBERT ROMANIA
Arion Green Felix
Hodler Capital Group
- Assisted Kromberg & Schubert Romania in the sale of its factory located in Timisoara to Contitech Romania.
- Assisted Hodler Capital Group with the acquisition of Avicod, a Romanian company operating several poultry farms and a slaughterhouse in Brasov.
- Assisted Iulius Group with the analysis of over 30 lease agreements aiming to identify sensitive clauses and their legal interpretations.
Dragne & Asociatii SCA is commended for its ‘ excellent services at reasonable prices‘. The firm is particularly well known for contentious advice, which extends to the full range of real estate and construction disputes. Coupled with this is a good track record for transactional and regulatory matters, including due diligence exercises and title insurance advice. Praised for its ‘outstanding professionalism‘, the team includes the highly versatile deputy managing partner Delia Bosman , who handles transactional, tax and contentious issues. Disputes partners Andreia Dumitrescu and Ioana Oprea are also experienced in this area.
Delia Bosman; Andreia Dumitrescu; Ioana Oprea
‘The legal firm is coordinated by experts in the real estate field and also litigation. They have an extremely good experience and competence in their teams that makes them reliable and very trustworthy. The people in the team, and their partners, are reachable, while their fees remain reasonable.’
‘The lawyers are very reliable. They have experience in consultation and litigation as well in various practices, including civil law, commercial law and penal law. The lawyers are up to date with the legislation in their field of expertise and also with the jurisprudence. They have a practical approach and make themselves very understandable to us as clients.’
‘Dragne si Asociatii offers excellent services at reasonable prices. Their team collaboration is carried out in an optimal manner to meet clients needs in due time.’
‘Ion Dragne has a special mindset to find the best business and legal solution for his clients. His vast knowledge of legal matters enables him to find interesting and out of the box legal solutions. Ana Maria Filip’s dedication and enthusiasm to fulfill the clients needs ensures success. Her engagement and ownership of tasks at hand is really outstanding.’
West Gate Studio SA
S+B Plan & Bau Bukarest
Laurentiu, Laurentiu & Asociatii
Laurentiu, Laurentiu & Asociatii is a Cluj-based firm with an extremely good reputation for advising developers, investors and corporate tenants in the region. The firm’s expertise covers a range of asset classes including retail, office, residential, logistics and agricultural properties. Clients appreciate the ‘excellent‘ service and ‘in-depth legal knowledge‘. Managing partner Ioana Romana Laurentiu is ‘capable of developing complex legal reasoning‘ and is ‘outstanding in contracts‘. Fellow partner Alexandra Diana Cohutiu is also commended for being ‘very engaged and delivers on the same-day or next working day of business‘.
Ioana Romana Laurentiu
Other key lawyers:
Alexandra Cohutiu, Achim-Sorin Razoare; Alin Mihai Laurentiu
‘I knew that they are exactly the kind of lawyers I wanted on my side. Since then, we have worked together in several projects, especially in commercial, corporate and M&A, real estate and construction and tax.’
‘From the LLA team, I have mainly worked with Alin Laurentiu, Ioana Laurentiu and Sorin Razoare. If I were to describe some of their qualities, I would say that Alin is extremely insightful and innovative, a visionary, who always comes up with solutions or new approaches and manages to defeat the most fierce opponent, by often bringing him unexpectedly on his side, Ioana is intelligent, confident and very well prepared, diplomat, but with founded arguments, a force to be reckoned with and Sorin is highly trained, specialized in tax law, with an analysis capacity connected to other legal areas, anchored in the business reality, meticulous and organized, a man you can count on.’
‘The overall level of service is, based on my experience with Laurentiu, Laurentiu & Associates, excellent. What I appreciate the most is the prompt response to all our requests, the business-oriented, yet risk-aware approach, the creative thinking, the attention to details, the international mindset, everything sustained by in-depth legal knowledge. I highly recommend Laurentiu, Laurentiu & Associates as a professional team of smart, intuitive, creative and reliable lawyers.’
‘Although all the lawyers at Laurentiu, Laurentiu & Associates with whom I have worked fulfilled and at times even surpassed my expectations, I would like to single out Alin Laurentiu and Ioana Laurentiu, two intelligent lawyers, with strong legal knowledge, good professionals and reliable partners. Alin Laurentiu represents the perfect combination between very good legal knowledge and a business-oriented mindset and approach, which allows him to find creative solutions for the client’s needs, adapting the somewhat out-of-date Romanian legislation to the more modern business models. He understands both the local business environment and global companies, always trying to innovate, always finding solutions. Ioana Laurentiu is capable of developing complex legal reasoning, responsible, always analyzing all the situations in depth, structured, firm, with a strong legal preparation, intuitive, all the qualities a good lawyer should have. She is outstanding in contracts, she and her team are capable to structure very complex contractual details, so we feel very safe when they take care of our contracts of millions of euros in real estate sector.’
‘Experienced team having a good business understanding and being able to derive practical solutions.’
‘Alexandra Cohutiu: action oriented with both compliant and practical solution approaches.’
‘We believe that their strongest asset is the team (the people). The know how they showed from the first meeting confirmed our confidence that they will be able to deliver as expected.’
‘They managed to fit in the timeline established from the first meeting and deliver as we expected. For this project we had a good collaboration with Achim-Sorin Razoare, Alexandra-Diana Cohutiu and Alin Laurentiu.’
‘We work most of the time with Alexandra Cohutiu. She is very engaged and delivers on the same-day or next working day of business.’
‘LLA has provided legal assistance for us in all the matters that occur during the development of our real estate projects, from legal assistance for the due diligence in acquiring the lands, in drafting the contracts to be concluded with the construction companies, the pre-sale and sale contracts with the buyers, as well as assisting us during the negotiations for these contracts. From the beginning of our collaboration, we felt LLA was different from the other law firms we have worked with or came in contact with, because not only do they have solid legal knowledge, but they understand the client’s business, therefore being always able to find a solution, not only according to the law, but even more important, according to the our needs. The firm has a very client-oriented approach, which gained our trust very quickly, because besides getting the job done and receiving the money for it, we got the feeling that they care about the future of our business.’
‘Ioana Romana Laurentiu is an excellent professional with obvious knowledge and expertise in her field, sharp, edgy, creative, she is the one you want on your side when you have a delicate matter in hand, when in need for complex strategy, innovation. Alexandra Cohutiu is well prepared, determined, persevering, responsible, always concerned to exceed the expectations of those she respects, intuitive, structured and paying attention to detail, rooted in reality and with vision, diplomatic but firm, a true professional.’
‘Ioana Laurentiu: huge and deep knowledge of laws and all implications. Extremely good ability to consider all facades of the situation and best way to approach it. Sorin Razoare: persuasive, very good knowledge, always on time, great follow-ups on all topics.’
‘Partner Achim Sorin Razoare has a deep understanding of his profession, knows how to address different situations and has a clear vision of how to support his clients. He provided best solutions teaming-up with us and in the end we were successful and pleased. We valued his patience, working power, creativity and sense of humor.’
Erdelyi Hirado Editura
Colina Noua Development
Hill View Accommodation
Industrial Property Services
- Advising Soimeni Parc on a residential real estate project in Colina Noua, Cluj County.
- Advised Steelcase on a new lease agreement for its office premises in the centre of Cluj-Napoca.
- Advising Nooka Space, an IT and real estate start-up, on its Proptech project including the development of a network of smart proximity office spaces designed for people who work remotely.
Noerr is a popular choice with a wide range of investors, including retailers, developers and manufacturers, on acquisition and development projects. The firm’s strong regional footprint benefits clients pursuing cross-border strategies, as demonstrated by the team’s advice to the retailer Kaufland on its real estate portfolio. Partner Jörg Menzer and experienced senior associate Iunia Nagy are the main contacts following Roxana Dudau ‘s move to Băncilă, Diaconu și Asociații SPRL. Despite its smaller size, the team is still capable of handling large-scale deals, including advising Doosan Heavy Industries & Construction on the record sale of the IMGB industrial platform.
Other key lawyers:
Element Industrial, Element Development, Element Investments
KIK Textilien & Non-Food
Doosan Heavy Industries & Constructions
- Advising the retailer Kaufland on its real estate footprint including expansion projects.
- Advising Doosan Heavy Industries & Construction on the sale of the IMGB industrial platform via a share deal.
- Advising Eli 3 Development on the acquisition of land plots for the development of a logistics park.
Pavel, Margarit & Associates Romanian Law Firm is noted for its ‘great experience in real estate and construction‘. The firm regularly assists on corporate structures including joint ventures between land owners and developers, as well as asset and portfolio acquisitions. This experience encompasses a wide range of asset classes including mining and natural resources, retail, residential, industrial and hospitality. Managing partner Radu Pavel is commended for being ‘very attentive, timely and an experienced real estate lawyer‘.
‘Pavel, Margarit and Associates team of lawyers has great experience in real estate and construction practice and they are valued on the Romanian market for their promptness, great attention to detail and making the matter at hand genuinely understandable for the client.’
‘Radu Pavel, the managing partner, is a very attentive, timely and an experienced real estate lawyer.’
STALFORT Legal. Tax. Audit. is regularly instructed by German speaking investors and developers to advise on their Romanian real estate interests. Client’s acknowledge the ‘very customer focused‘ team’s good availability and commend its ‘very good knowledge of the industry,’ and ‘quick response times‘. Recently the firm has been involved in several significant agricultural and industrial asset sales. Construction and development agreements in the energy sector have also kept the team busy. Oana Somesan and Andrada Harangus jointly lead the practice, which includes well regarded associate Laura Neacsu , who ‘understands complex facts very quickly and thinks often outside the box‘.
Oana Somesan; Andrada Harangus
‘The team’s availability is very good. Alignments and clarifications happen on short notice. The information received and the way topics are handled – even difficult ones – is highly professional and on rather short notice.’
‘Laura Neacsu has been supporting us for a specific project for several months now. Due to her high professionalism and qualified input she quickly gained the trust of everybody involved. She also understands complex facts very quickly and thinks often outside the box.’
‘Very customer- focused, very good knowledge of the industry, quick response times.’
‘Laura Neacsu has a very good understanding of the industry, individual issues were quickly understood. Great problem solving, quick responses, great experience from other similar cases, very proactive. It was very impressive how soon after she took over the case, she was able to discuss with the suppliers directly and lead negotiations for us as customer.’
‘A very professional team having high experience and full vision for the customer prospects. Team of lawyers always ready and committed to deliver in time the best solutions.’
‘Subject related and detailed analysis of customer requests combined with full flexibility in working together to find the best solutions’
‘Quick response, high qualification, high German and English skills, good collaboration between the different legal teams within the law firm and towards clients.’
‘Laura Neacsu: high German and English skills, solution-oriented, excellent English and German skills, high qualification level.’
‘Very competent, hands-on, fluent in foreign languages, courteous.’
‘A team of true professionals. Very well trained. Can give relevant information for the market. I find it excellent that they all speak Romanian, English and German. In most cases knowing very well not only the Romanian market but also the German or Austrian market.’
‘Professionals one can trust not only for the content part but as well on the interaction. No matter how much work they have, they deliver always on time trying their best to satisfy your needs.’
Continental Group (Romania)
KiK Group (Romania)
WPD Romania SRL (WPD Group)
Partner Fonds AG
La Playa Properties SRL
Almos Alfons Mosel Handels GmbH
ZUNDEL Holding Group
- Advised GETEC Group on the planning, permitting and construction of a combined heat and power plant in Dolj county.
- Assisted the Romanian subsidiary of the JAF Group, on the sale of its Brasov-based veneer production facility (including land, buildings, industrial assets and employees) to the Belgium-based flooring manufacturer Unilin.
- Advised Zundel Holding Group on a share deal involving the acquisition of over 1,050 hectares of agricultural land from a Danish investor.
Zamfirescu Racoti Vasile & Partners impresses clients with its ‘sincere professionalism‘ and is considered ‘a go-to firm for complex situations‘. Corporate partner Anca Danilescu leads the team and is considered ‘a brilliant negotiator, highly experienced in restructurings and acquisitions‘. The practice acts for a mix of private investors, developers, multinational companies and banks. The team also has good expertise in development and construction projects. The firm’s top-notch litigation team adds weight on contentious real estate issues.
‘Domain expertise combined with diligence and attention to detail.’
‘From the tactical level to the strategic level, everyone displayed sincere professionalism.’
‘I have worked with them on several projects during the years, especially on corporate and real estate matters, and the lawyers are always solution-oriented and extremely well prepared for all situations. What I like most about them is the fact they provide a holistic approach to every mandate assigned and adapt quickly to new circumstances. Especially during the pandemic and successive lockdowns in our country, they were available round the clock, never letting us down and anticipating our every need. They are the go-to firm for complex situations when you need lawyers that understand your business, keep an overview and a clear structure of all legal implications and never loose sight of all risks involved.’
‘We work closely with Anca Danilescu and Lidia Trandafir. Of course, depending on the nature of the project, other lawyers from different departments join the team. One of the advantages of working with a business law firm of their size is that no matter the legal problem, your business is covered. Anca Danilescu is an excellent corporate lawyer and a brilliant negotiator, highly experienced in restructurings and acquisitions. Even when situations get heated or complicated, she spreads calmness and always figures a way out. As in every job, this comes with experience and she clearly trusts her abilities and knowledge. And we do too. Lidia Trandafir is a young and talented business lawyer and working with her is every time a pleasant experience. Not only she makes a perfect duo with Anca, but she is also committed and hard-working, coming up with realistic solutions to serve our objectives.’
LUXOFT PROFESSIONAL ROMANIA
- Advised Luxoft Professional Romania in connection with the sale of certain real estate assets to Trans Expedition Feroviar.
- Advised Landmark Capital on the sale of a real estate project in Ilfov County to Primaverii Park and Total Lider Construct.