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News from Members Afin Holding Acquired Aries Industrial & Logistic Park in Romania

Afin Holding Acquired Aries Industrial & Logistic Park in Romania

by Colliers International October 24, 2019

In one of the most important industrial & logistic land transactions in Romania year to date in 2019 Afin Holding acquired Aries Logistic Park in Turda, located near Cluj-Napoca, one of Romania’s most successful regional cities, for an undisclosed amount. The project, only partially developed, includes almost 60 hectares of land available for further development. Colliers International was the real estate agent on this transaction whilst Moroianu & Associatii acted as legal advisor to the buy side.

Statement of Stefano Albarosa – Partner of Afin Holding:

“Being at the crossroad of Romania we consider Turda an ideal venue for Industrial and Logistic assets and very much look forward to developing this site. We plan to immediately start the construction of 20.000 sqm of prime logistic warehouses as well as a 5.000 sqm extension for an existing tenant. Given the large amount of available land for development we are also actively seeking new built to suit projects and initial talks are ongoing with several interested parties. We remain grateful to Robert Miklo of Colliers for having generated this investment opportunity and Radu Abrudan, partner at Moroianu & Associatii law firm, for the professional support granted in all phases of this complex transaction”.

Statement of Robert Miklo – Director Investment Services at Colliers International

“We are pleased about the successful disposal of ARIES Industrial & Logistic Park on behalf of our Client and we look forward to the further development of this park by Afin Holding/AIC Real Estate to the benefit of the Romanian market, the local economy and the community in Turda and Cluj county”.

Statement of Radu Abrudan – Partner of Moroianu & Asociatii SCA

“It was a great opportunity and a professional challenge to assist and advise our client in expanding its portfolio with this acquisition and, thus, to actively participate in the creation of the launching premises of one of the major real estate projects in Cluj county, that could contribute to the economic growth both locally and nationally.”

Afin Holding, controlled by the Albarosa family, is investing in Romania since 1995 and currently holds several participations in the Automotive, Real Estate and Industrial sectors. Its Real Estate division AIC RE is one of the leading developers of Industrial and Logistic assets with a track record of more than 800.000 Sqm built, leased and sold to date to several strategic and financial investors. The group employs more than 500 people in Romania.

Moroianu & Asociatii SCA is a Romanian legal practice founded in 1999, with a solid expertise and a strong reputation in a variety of sectors, including corporate, real estate and property, labor and human capital management, M&A, debt restructuring and insolvency. The firm draws on the experience gained by its highly skilled lawyers from assisting active investors and developers in all aspects of commercial transactions, as well as from representing clients in various litigations before courts of law or in arbitration procedures.

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. In Romania Colliers International is present since 1996 and is 96 people strong. Learn more about how we accelerate success at www.colliers.com.

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