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Schoenherr Assists with Iulius Group and Atterbury Europe Partnership

Schoenherr Assists with Iulius Group and Atterbury Europe Partnership

Romania
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The Bucharest office of Schoenherr has provided legal assistance on the creation of a 50/50 partnership between the Iulius Group, the developer and operator of the Iulius network of shopping malls, with Atterbury Romania.

Atterbury Europe, which is incorporated in the Netherlands, focusing on shopping center investments and retail development opportunities in Europe, particularly the fast-developing Central and Eastern region. One of Atterbury Europe’s shareholders is the Atterbury Group, which has developed prime commercial, retail, and residential property across South Africa and the rest of the African continent.

According to Schoenherr, Iulius, which was founded in 1991, "is the only Romanian developer and operator of mixed use projects, with an operational portfolio that entails more than 260,000 square meters of retail space, and 106,000 square meters of office space." 

The partnership involves the operation of Iulius Mall Iasi, Iulius Mall Cluj, Iulius Mall Suceava, Iulius Mall Timisoara, and the mixed-use urban regeneration project Openville Timisoara, as well as the expected development of similar projects in Romania.

The Schoenherr team advising on the deal included Partner Markus Piuk and Local Partner Madalina Neagu.

Romanian Knowledge Partner

Maravela & Asociații is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

Maravela & Asociații covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend Maravela & Asociații as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on Maravela & Asociații can be found at www.maravela.ro.

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