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Kinstellar Advises VGP on Acquisition of Land Near Bucharest

Kinstellar Advises VGP on Acquisition of Land Near Bucharest

Romania
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The Bucharest office of Kinstellar has advised VGP on its acquisition of a 250,000 square meter plot of land from Willbrook. Cozmaciuc, Puiu & Asociatii reportedly advised the seller.

Financial details of the transaction were not disclosed.

According to Kinstellar, the plot is located at the junction of the Bucharest ring road with Romania's A3 highway. According to the firm, the future VGP Park Bucharest will be constructed on the plot and will consist of four buildings with over 120,000 square meters of leasable space.

VGP is an Antwerp-based developer, manager, and owner of logistics and semi-industrial real estate. The company was founded in 1998 and currently employs 190 people across 12 European countries.

Kinstellar’s team included Managing Partner Victor Constantinescu and Associates Razvan Constantinescu and Adelina Seserman.

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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