CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Linklaters has advised Panattoni BTS on the construction of a factory for Maxcess. DLA Piper advised a group of private investors represented by Albaluna Investments.
On 7 June 2023, Bucharest Tribunal annulled, in the first instance, the zonal urban plan („ZUP”) of the 2nd District and suspended its effects until the final resolution of the case file, noting that it reduced green spaces, allowing the construction on tens of hectares of such areas, including areas occupied by parks, lakes, sports fields, etc. The case file is currently in appeal before Bucharest Court of Appeal[1].
Lakatos Koves & Partners has advised Bristol-based industrial thread manufacturer Coats on the sale of its thread factory in Ujpest, Hungary.
Reals has advised the Mint Residential Fund on its acquisition of a 168-apartment built-to-rent residential project in Prague 9 from Czech developer Finep. Clifford Chance advised the seller.
Taylor Wessing has advised the Shape Corporation on its built-to-suit rental agreement in the Panattoni Park Pilsen West II industrial park.
Clifford Chance has advised Hillwood on the acquisition of the Hillwood & LCube Wroclaw East industrial and warehouse complex property from LCube. Grzesiak & Partners advised LCube.
CMS has advised the Hungarian branch of Panattoni on a dual built-to-suit contract to develop two manufacturing facilities in Debrecen and Kecskemet, covering 30,000 square meters, for a German automotive supplier. Noerr reportedly advised the counterparty.
