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Eversheds Romania Advises NEPI Rockcastle on Acquisition of Land Plot in Craiova

Eversheds Romania Advises NEPI Rockcastle on Acquisition of Land Plot in Craiova

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Eversheds Sutherland Romania has advised investment fund NEPI Rockcastle in its acquisition of a land plot for construction of a new shopping center in Craiova, Romania.

According to Eversheds, Promenada Mall Craiova will be worth EUR 110 million. The land plot acquired by NEPI Rockcastle is approximately 200,000 square meters, and the Promenada Mall Craiova, with a leased surface area of 70,000 square meters, will contain over 150 shops.

Construction of the shopping center is expected to conclude by the end of 2021.

Eversheds Partner Cristian Guia commented, “The development of new projects in the secondary cities marks the optimistic trend in the retail trade area. In addition, it seems that more and more investors are moving to smaller cities, which is a sign that the Romanian market is mature and becomes more bidding for big players.”

The Eversheds Sutherland was led by Managing Partner Cristian Lina and Partner Cristian Guia, supported by Senior Associate Carolina Pletniuc and Lawyers Rosca and Mihaela Spiridon.

Eversheds Sutherland informed CEE Legal Matters that it could not disclose additional information on the deal. 

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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