Real value expertise in Real Estate & Construction

There was a period when real estate & construction was the fastest growing sector of the Romanian market, when businesses swiftly closed a large number of deals and developed a large number of projects with minimum efforts and high returns. Nowadays, a more mature market has evolved from the midst of the global turmoil. Real estate & construction projects entail substantially more efforts and a sensible need to be driven by a well-balanced combination of innovation, information, efficiency and pragmatism in order to be successful.

Irrespective of the period, our attorneys have had a substantial contribution to the field, having been involved in all types of real estate & construction projects at all stages thereof, spanning industrial, logistic, commercial, residential and office high profile projects, share and asset deals, forward funding transactions, sale and acquisition of construction, farming and forest lands, advising on financing and securitization, permitting and regulatory matters, conducting complex due diligence enquiries, drafting and negotiating numerous transaction documents, conceiving the optimum legal structures of the projects and providing day-to-day assistance throughout the entire development and marketing thereof. Thus, our team’s dedication has stood at the base of many successful and high profile real estate & construction projects, our lawyers being continuously involved in a broad range of projects that are being developed, sold or bought in Romania.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

• Several leading Real Estate developers, in connection with the acquisition, development and operation of major retail and residential projects in and around Bucharest and throughout Romania, representing investments exceeding EUR 1,000,000,000. Our lawyers have advised on all aspects related to the development of such projects, including land acquisitions and due diligence, transaction documents (including financing, pre-lease and pre-sale agreements and negotiations, construction agreements and related documentation, project transfer agreements and documentation), permitting and construction, taxation optimization, marketing, risk management, dispute resolution, as well as a wide range of related matters incurred throughout the development and operation of these projects;
• A global company, in connection with the acquisition of real estate for the construction of over 20 gas stations in Romania;
• One of the leading manufacturers of mobile devices, in connection with the construction of a state of art manufacturing facility on an industrial park platform as well as the successful sale of said facility;
• A real estate management company, in connection with the development of an industrial park;
• A reputed European real estate developer, in connection with the entire contractual framework pertaining to the development of two major shopping centers (malls);
• The real estate division of a major investment fund, on land acquisition and development of a real estate project in the northern area of Bucharest, spread on 1.000.000 square meters;
• An international investment fund, on implementation of multiple investment projects in Romania, including the development and sale of a residential condominium in Cluj County and development of two hotels in Cluj and Bucharest under a major brand-name;
• A major Belgian real estate developer, in connection with several land acquisitions for development of residential and office facilities in Bucharest and Arad;
• A major Greek bank, in connection with the establishment of multiple mortgages on Romanian real estate meant to secure a loan granted to a Greek company;
• An American investor, in connection with the development of a multi-billion dollar mountain resort;
• A large Czech investment fund, on the acquisition of several industrial and hotel facilities in Romania;
• A Romanian investment company, in connection with the development of a retail project in Râmnicu Vâlcea;
• A Dutch contractor, with respect to a FIDIC standard construction agreement for the construction of a warehouse, as well as amending and reviewing standard construction agreements used by the same contractor in Romania;
• A major Turkish contractor, in connection with its exit from the Romanian market and termination of its ongoing engagements;
• A major Lithuanian developer, in connection with a complex, fast pace exit from a Romanian partnership performed via a transfer of assets against shares in the project company;
• An international chemicals producer, in connection with due diligence for the acquisition of a Romanian company specialized in the production and distribution of seeds and agricultural use chemicals;
• A private German investor, in connection with the acquisition of the production facilities of a group of companies undergoing insolvency.

Publications

• Electronic signatures in construction, architecture and urbanism, January 2021 (ENG)
• Real estate in Romania (ENG)
• ELKB Building permit legislation amendments (ENG)
• ELKB Industrial Parks (ENG)

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