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Bondoc & Asociatii and Popovici Nitu Stoica & Asociatii Advise on Sale of Former Automatica Property in Bucharest

Bondoc & Asociatii and Popovici Nitu Stoica & Asociatii Advise on Sale of Former Automatica Property in Bucharest

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Bondoc si Asociatii has advised investment fund Global Finance on the sale by its real estate division of the land of the former Automatica factory in Bucharest to the French group Auchan and One United. Popovici Nitu Stoica & Asociatii advised the buyers on the deal.

The acquisition covers not only the land under the factory, but also the factory itself, which, when initially constructed in 1935, was the Ford Motor Company's first plant and assembly line in Eastern Europe.

The Popovivi Nitu Stoica & Asociatii team consisted of Partner Bogdan Stoica, Managing Associate Irina Ivanciu, and Associate Mariana Marcu.