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Tuca Zbarcea & Asociatii Advises on Speedwell and Baltisse Sale of Record Park Offices to AYA

Tuca Zbarcea & Asociatii Advises on Speedwell and Baltisse Sale of Record Park Offices to AYA

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Tuca Zbarcea & Asociatii has advised the AYA Properties Fund on its acquisition of Record Park Offices from Speedwell and Baltisse for EUR 35 million.

Record Park Offices includes 15,000 square meters of office and retail spaces, a 2,000 square-meter sports center, and 236 apartments.

AYA Properties Fund is a Belgian real estate investment fund with a focus on South-Eastern Europe.

Speedwell has a large portfolio of real estate developments in Romania including Record Park in Cluj-Napoca, Triama Residence, The Ivy, Miro, and SpacePlus in Bucharest, Paltim in Timisoara, and Riverside City in Ramnicu-Valcea.

Baltisse is a Belgian investment company focused on value creation through entrepreneurship. The group is active in private equity, asset management, and real estate.

The Tuca Zbarcea & Asociatii team included Partners Dragos Apostol and Oana Ureche and Managing Associates Amalia Dumitru and Ioana Marculet.

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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