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MPR Partners Advises Belgium's Interparking on Expansion of Parking Locations Portfolio in Romania

MPR Partners Advises Belgium's Interparking on Expansion of Parking Locations Portfolio in Romania

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MPR Partners has advised Interparking on its acquisition of the Bucur Obor Parking building in Bucharest from Parcaj Subteran Bucur Obor.

Financial details of the transaction were not disclosed.

According to MPR Partners, “Interparking Group is present in nine countries and over 360 cities." According to the firm, it currently owns 783 units with over 360,000 parking spots across Europe, and "in Romania, Interparking currently owns five parking locations, four of which are in Bucharest, with one in Timisoara."

This marks the second deal MPR Partners has assisted Interparking on, following the firm's 2018 acquisition of P700 Parking in Timisoara (as reported by CEE Legal Matters on February 28, 2018).

MPR Partners’ team consisted of Partner Dana Radulescu, Senior Associate Daniel Alexie, and Associate Diana Borcean.

Romanian Knowledge Partner

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). 

Firm's website.

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