Real Estate

The Fate Of Building Permits Following The Cancellation Of The Zonal Urban Plan Of The 2nd District

On 7 June 2023, Bucharest Tribunal annulled, in the first instance, the zonal urban plan („ZUP”) of the 2^nd District and suspended its effects until the final resolution of the case file, noting that it reduced green spaces, allowing the construction on tens of hectares of such areas, including areas occupied by parks, lakes, sports fields, etc. The case file is currently in appeal before Bucharest Court of Appeal[1].

Lakatos Koves and Partners Advises Coats on Sale of Thread Factory in Hungary

Lakatos Koves & Partners has advised Bristol-based industrial thread manufacturer Coats on the sale of its thread factory in Ujpest, Hungary.

Reals and Clifford Chance Advise on Mint Purchase of 168-Unit Prague Residential Project from Finep

Reals has advised the Mint Residential Fund on its acquisition of a 168-apartment built-to-rent residential project in Prague 9 from Czech developer Finep. Clifford Chance advised the seller.

Taylor Wessing Advises Shape Corporation on Panattoni Park Pilsen West II Tenancy

Taylor Wessing has advised the Shape Corporation on its built-to-suit rental agreement in the Panattoni Park Pilsen West II industrial park.

Clifford Chance and Grzesiak & Partners Advise on Hillwood Acquisition of Warehouse Property from LCube

Clifford Chance has advised Hillwood on the acquisition of the Hillwood & LCube Wroclaw East industrial and warehouse complex property from LCube. Grzesiak & Partners advised LCube.

CMS Advises Panattoni Hungary on Two Built-to-Suit Projects

CMS has advised the Hungarian branch of Panattoni on a dual built-to-suit contract to develop two manufacturing facilities in Debrecen and Kecskemet, covering 30,000 square meters, for a German automotive supplier. Noerr reportedly advised the counterparty.

Baker McKenzie Advises on PLN 220 Million Offering of 16.1 Million Archicom Shares

Baker McKenzie has advised Echo Investment Group companies Grupa Archicom, Echo Investment, and DKR Echo Investment on offering 10 million new shares in Archicom and DKR's sale of 6.1 million existing shares. The PLN 220 million transaction was managed by the PKO BP Brokerage Office.