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Popovici Nitu & Asociatii Advises Siena Group in Takeover of Iasi City Center

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The Siena Group was advised by Popovici Nitu & Asociatii in taking entire control of Iasi City Center, a real estate company set up to develop a major office and logistics project in Iasi, Romania.

Iasi City Center was one of the initial investments by Romanian Real Estate Partners BV, an investment vehicle of US and Spanish investment funds.

The Siena Group's taking of entire control of Iasi City Center SA was conducted within the reorganization procedures of Romanian Real Estate Partners BV and involved concerted efforts over more than a half-year, in several jurisdictions.

The Popovici team advising the Siena Group was led by Serban Patriciu, Managing Associate, while Romanian Real Estate Partners BV was advised by CMS Amsterdam.

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