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NNDKP Advises Globalworth on Acquisition of IPW Arad and IPW Oradea

NNDKP Advises Globalworth on Acquisition of IPW Arad and IPW Oradea

Romania
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Nestor Nestor Diculescu Kingston Petersen has advised Globalworth on its approximately EUR 18 million acquisition of Romania's Industrial Park West Arad and the IPW Oradea Industrial Park West Oradea from an unidentified seller.

Globalworth is a privately held developer and manager of commercial real estate in the office sector in Romania and Poland. 

According to NNDKP, “the new acquired projects, developed at the highest standards of quality, add a total surface of 27,000 square meters to Globalworth’s Industrial portfolio, both having an occupancy rate of 100%.” In addition, according to the firm, “with these two new acquisitions, Globalworth Industrial’s portfolio expands to reach a total of 260,400 square meters, with the current total occupancy rate of 95%.” 

NNDKP’s included Partner Lavinia Ionita-Rasmussen and Associates Flavia Petcu and Roxana Iordache.

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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