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BPV Grigorescu Stefanica Helps Forty Management Obtain License for Construction of Central District Lagoon City

BPV Grigorescu Stefanica Helps Forty Management Obtain License for Construction of Central District Lagoon City

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BPV Grigorescu Stefanica has helped Forty Management obtain a license from U.S.-based Crystal Lagoons to develop the EUR 100 million Central District Lagoon City in Bucharest.

Financial details of the licensing agreement were not disclosed.

According to BPV Grigorescu Stefanica, “the project will be developed on a 39,070 square property worth EUR 8.2 million, which was recently acquired from Butan Gas." The firm reports that "20,000 square meters of the property will be covered by white sandy lagoons with turquoise-colored water.”

BPV Grigorescu Stefanica’s team included Managing Partner Catalin Grigorescu and Managing Associate Nicolae Ursu, among others.

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). 

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