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PNSA Advises VGP Parks on Acquisition of Real Estate in Arad

PNSA Advises VGP Parks on Acquisition of Real Estate in Arad

Romania
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Popovici, Nitu, Stoica & Asociatii has advised Belgian developer VGP Parks on the acquisition of 40 hectares of real estate in the Western Romanian city of Arad from an unnamed seller.

According to PNSA, VGP Parks intends to develop a real estate project on the property, "with a potential of approximately 200,000 square meters of industrial/logistics leasable area."

VGP Parks is a developer of logistics spaces and industrial parks with a presence in Germany and Central and Eastern Europe and also specializes in both in the acquisition and development of industrial/logistics projects and in their lease and management. According to PNSA, “in Romania, VGP owns two operating parks: VGP Park Timisoara and VGP Park Sibiu.”

The Popovici, Nitu, Stoica & Asociatii team included Partners Bogdan Stoica, Ioana Sampek, Alexandru Ambrozie, and Irina Ivanciu, Managing Associate Ramona Pentilescu, and Associate Veronica Culcea.

Popovici, Nitu, Stoica & Asociatii was unable to provide further details.

 

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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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