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Biriş Goran Assists Vastint Romania in Major Land Acquisition in Bucharest, Romania

Date: 01/25/2016
Source: Biris Goran

Biriş Goran is delighted to announce that it assisted its long-standing client, Vastint Romania (member of the Inter IKEA Property Division), in a 48-hectare land acquisition in the Gheorghe Ionescu-Sisesti road area of Sector 1, Bucharest. Vastint intends to develop the site into a mixed-use development, with a focus on residential. The team was formed of real estate senior associate Mariana Signeanu, associate Radu Jianu, and partner Victor Constantinescu.

Victor Constantinescu adds “We’ve enjoyed working with Vastint for many years on their multiple projects in Romania. We share a common core value: creating long-term value. As such, this transaction required patience and diligence, and we’re happy to have helped them acquire it.”

About Biriş Goran
Biriş Goran is a business law firm with 35+ attorneys founded in 2006. Biriş Goran provides a wide range of legal services with a particular focus on domains such as: tax, real estate, corporate, antitrust/competition, financing, litigation, IP, IT & media, public procurement, energy and insolvency. Biriș Goran practice areas are routinely ranked among the best in the country by directories such as the Chambers Europe and European Legal 500.
Since the firm’s founding, Biriş Goran has been at the forefront of commercial real estate transactions in Romania, having advised as lead counsel on many of the largest transactions in the country. For example, in 2014, Biriş Goran represented Raiffeisen Evolution in the sale of its flagship shopping centre, Promenada Mall, in the largest real estate transaction in 2014. In 2015 Biriş Goran advised Aberdeen Asset Management Deutschland AG in the sale of its flagship “Auchan Titan” shopping Centre, the largest real estate transaction in 2015 and Advised Pumac SA in the sale of 21,000 sqm land plot to Skanska, the largest land transaction by transaction value in Romania in 2015.

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