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PeliPartners and CMS Advise on Mitiska REIM Sale of 25 Retail Parks in Romania to LCP Group

PeliPartners and CMS Advise on Mitiska REIM Sale of 25 Retail Parks in Romania to LCP Group

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PeliPartners has advised Mitiska REIM on the sale of 25 retail parks in Romania to the LCP Group, part of M Core Property, for EUR 219 million. CMS advised M Core Property.

According to Mitiska REIM, “this sale is one of the largest retail real estate transactions in Romania and more than doubles the original investment over an average holding period of five years for investors in the FRI and FRI 2 funds which owned the assets.”

The PeliPartners team included Partner Oana Badarau and Senior Associates Madalina Fildan and Delia Lepadatu.

The CMS team included Managing Partner Horea Popescu, Partner Roxana Fratila, Senior Counsel Laura Grigore, Counsels Mircea Moraru, Alina Tihan, and Claudia Laura Nagy, Senior Associates Alex Dumitrescu and Andrei Cristescu, and Lawyers Catalin Vasile, Eduard-Marian Roventa, Alexandru Virgil Trandafir, Bianca Banateanu, Florian-Gabriel Pacalici, and Amalia Podoleanu.

Editor's Note: This article was updated on December 12, 2023, to reflect the full composition of the CMS team.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.