Reff & Associates, the law firm representing Deloitte Legal in Romania, has advised leading real estate developer NEPI Rockcastle in taking over the project of a commercial center to be built in downtown Sibiu from Primavera Development Group in a deal worth around 21 million euro.
Reff & Associates was involved in all the stages of the transaction, from due diligence, structuring and negotiation to signing and finalizing the acquisition.
The project was coordinated by associate partner and the head of the real estate practice Irina Dimitriu, and included Maria Nitulescu, senior associate, Sandra Cahu Ionescu, senior associate, Diana Doci, associate and Cristiana Baltag, associate.
“It was a complex project involving both our real estate and corporate and M&A practices. We are grateful to be able to support our longstanding client NEPI Rockcastle in consolidating its portfolio in Romania,” said Irina Dimitriu.
“The advice received on this project from Reff & Associates, our partner for more than 10 years, helped us continue our growth strategy in the region, by offering us the support we needed with dedication and professionalism,” said Robert Ionita, Head of Legal NEPI Rockcastle.
Primavera Development Group was assisted by Eversheds Romania.
With a team 73 lawyers, Reff & Associates is one of largest law firms in Romania and one of the most dynamic in advising clients in complex projects of M&A, Real Estate, financing and loans portfolio.
NEPI Rockcastle is the largest real estate company in Central and Eastern Europe, listed at the Johannesburg Stock Exchange and Euronext in Amsterdam. The company currently owns over 54 properties (retail and office spaces) in eight countries and focuses its operations on the growth and development of its assets on competitive markets across the CEE, holding top places in countries such as Romania, where it is the largest retail properties owner, Poland and Slovakia (with a significant presence in Hungary, Croatia, Bulgaria, the Czech Republic and Serbia).
Reff & Associates SCA is a law firm member of Bucharest Bar, independent in accordance with the Bar rules and represents Deloitte Legal in Romania. The firm has 73 lawyers and is recognized both locally and internationally as one the top law firms in real estate, banking & securities and mergers and acquisitions. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services, which currently counts over 1,800 lawyers in 75 countries. For more information please see www.reff-associates.ro
© 2018. For further details please contact Reff & Associates SCA