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Drakopoulos and Reed Smith Advise SPDI on Acquisition of Logistics Park in Romania

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The Drakopoulos Law Firm and Reed Smith advised Secure Property Development and Investment on a EUR 12.5 million acquisition of the Innovations Logistics Park in Bucharest.

The deal involved Romania, Cyprus, and the United Kingdom. It is SPDI's first acquisition outside Ukraine, and is the first step in the company's plan to grow and diversify its portfolio across South Eastern Europe.

The Innovations Logistics Park is a fully-let 17,000 square meter gross leasable area logistics park located in Clinceni in Bucharest, which benefits from being on the Bucharest ring road. Nestle is anchor tenant, with more than 60% of the gross leasable area. The acquisition is expected to increase the SPDI's annual net operating income by over 60%.

Drakopoulos assisted SPDI in Romania and Cyprus, while Reed Smith advised the company in the UK. 

 

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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