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NNDKP and Kinstellar Advise on CTP's Acquisition of A1 Bucharest Park from Cromwell Property

NNDKP and Kinstellar Advise on CTP's Acquisition of A1 Bucharest Park from Cromwell Property

Romania
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NNDKP has advised CTP on the acquisition of the A1 Bucharest Park from Cromwell Property, acting as the Central European Industrial Fund's intermediary. Kinstellar advised the seller on the deal.

Financial details of the transaction were not disclosed.

A1 Bucharest Park, which has a total area of 98,500 square meters, consists of 11 warehouse buildings, an office building, and a commercial building, as well as 561 parking lots.

CTP is a Romanian developer and manager of industrial and logistics parks across and Central and Eastern Europe.

Cromwell Property Group is a real estate fund manager primarily focused on property development, investment, and management, with operations across Europe, Asia, and Australia.

The NNDKP team was led by Partner Lavinia Ionita Rasmussen.

Kinstellar’s team consisted of Managing Partner Victor Constantinescu, Managing Associate Alexandru Mocanescu, and Senior Associate Catalin Dinu.

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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