Clifford Chance Badea, the local office of global law firm Clifford Chance, has advised NE Property B.V. in relation with the implementation of the EUR 1.5 billion Guaranteed Euro Medium Term Programme guaranteed by NEPI Rockcastle plc, as well as in relation to the launching of the 2.625% EUR 500 million bonds issue due 2023 under the programme.
The investment fund has been advised by a multijurisdictional legal team from Bucharest, London and Amsterdam. The Bucharest team is part of the Capital Markets practice coordinated by Mădălina Rachieru-Postolache, Partner, and included Radu Ropotă (counsel) and Gabriela Mureșan (associate).
The lawyers have advised the fund throughout the entire process, starting with drafting the prospectus, coordination of the other law firms from all jurisdictions involved, corporative approval for the transaction, prospectus approval by the Central Bank of Ireland, and prospectus passporting to Romania.
"Working with NEPI is always a great experience. The professional satisfaction we get from successfully supporting the closing of the deals they are involved in matches the complexity of such deals and the challenges we face along the way," Radu Ropotă said.
"We have been working alongside NEPI ever since their first bonds issue in Romania, back in 2015. For us, their projects mean much more than simple client deals, they are personal and this definitely makes a difference," Gabriela Mureșan added.
Mădălina Rachieru-Postolache continues: "We are glad to once more have had the opportunity to work with investment fund NEPI Rockcastle, one of the most dynamic real estate investors in Romania and the CEE. I take this opportunity to thank the entire NEPI Rockcastle team for trusting us once more, and for an excellent collaboration."
In recent years, Clifford Chance Badea has advised New Europe Property Investments in projects such as:
The Capital Markets team within the Bucharest office is fully integrated in the global Clifford Chance network and provides legal assistance to shares and bonds issuers, as well as syndicates of arrangers in Capital Markets transactions. Its most recent portfolio includes, among others, milestone moments for the Romanian Capital Market, such as: