Allen & Overy has advised Solida Capital on its acquisition of the Grojecka 5 office building in Warsaw from Cromwell European REIT. CMS reportedly worked on the deal as well.

Certain amendments to the Land Transaction Act entered into force on 1 January 2024. The amendment introduces the definition of a rice farm, which includes the land and, as an accessory thereto, the land parcel registered as an area excluded from cultivation serving the rice production (e.g. ditch and drainage systems, embankments and farm roads). The amended Act contains specific provisions, such as two new legal bases for the pre-emption right in respect of rice farms.

Kinstellar has advised Globe Trade Center subsidiary Dorado 1 on a EUR 55 million financing from OTP Bank and DSK Bank.

Dentons has advised CTP on a EUR 200 million financing obtained from Alpha Bank, ING, and BRD Groupe Societe Generale for the development of a Romanian logistics park.

Tuca Zbarcea & Asociatii has advised Belgian developer WDP on the full acquisition of the Expo Market Doraly wholesale, cash & carry, and retail shopping complex in Romania. Deloitte Legal reportedly advised sellers ARA Europe and Gheorghe Iaciu.

Schoenherr has advised Bontexgeo on the renewal of its lease agreement for an industrial facility in Tiszaujvaros with Cordys Holding Zrt. Sole practitioner Tamas Eperjesi reportedly advised the lessor.