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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

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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.

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MPR Partners | Maravela, Popescu & Asociatii is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Asociatii covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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