CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
A two-and-a-half-year deadlock impeding the sale of Romanian farmland located outside buildable areas and acquired less than eight years ago seems to have been finally cleared. On 2 February 2023 a much-awaited normative act came into effect, filling a series of legislative gaps and allowing public notaries to authenticate sale agreements for certain types of farmland located outside buildable areas.
Greenberg Traurig has advised P3 Logistic Parks on the acquisition of the 185,000 square-meter Wroclaw Campus 39 logistics park from Panattoni. DLA Piper advised Panattoni.
Cobalt has advised the shareholder of the SBS Group on the sale of the company to Monnoyeur subsidiary Arkance.
Koutalidis has advised the National Bank of Greece on the issuance of a EUR 71 million bond loan by Reds subsidiary Gyalou Emporiki Kai Touristiki Monoprosopi for the purchase of the former US base in Gournes, Crete. Karatzas & Partners advised Reds.
NKO Partners has advised CTP on its acquisition of Vojvodina-based land developer BIMS Properties.
Adon Legal has advised subsidiaries of the Galio and NDX groups on a EUR 53 million refinancing from the SEB Group for their recently acquired retail portfolio including 17 stores, with Maxima and Ermitazas as the main tenants.
Sorainen has advised the Titanium Baltic Real Estate fund on its acquisition of a Vilnius building housing Avia Solutions Group's headquarters. Motieka & Audzevicius advised Avia Solutions Group company AviaAM Leasing Service Centre on the share sale and leaseback transaction.
