The Reff & Associates law firm, a member of Deloitte Legal in Romania, has assisted New Europe Property Investments in the acquisition of City Park Constanta, a shopping center developed by Neocity and financed by Eurobank and the National Bank of Greece.
Reff & Associates claims that the transaction is “the most important 2013 real estate transaction in Romania.” The team led by Partner Alexandru Reff and Managing Associate Ruxandra Macelaru worked in close connection with the Deloitte Tax team, which provided tax services for the buyer.
Partner Alexandru Reff was enthusiastic about the project. “We are thankful to NEPI for continuing to entrust us with their legal affairs. Given how thorough and demanding NEPI’s approach to every project is, their continued trust is a worthy validation of our performance. I am proud of our team, which reconfirms our ability to manage, particularly in this practice area, any project, irrespective of how complex and demanding both in terms of know-how and volume of work.”
Managing Associate Macelaru noted that she was “extremely honored that I could take part in what stands out as the most important real estate transaction of 2013 in Romania.”
The Romanian Firon Bar-Nir law firm assisted Neocity group on the sell-side of the transaction.