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Kinstellar Advises SFC Solutions on Industrial Facility Sale-and-Leaseback with WDP Romania

Kinstellar Advises SFC Solutions on Industrial Facility Sale-and-Leaseback with WDP Romania

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Kinstellar has advised SFC Solutions Automotive Romania on the sale-and-leaseback transaction for a 20,000-square-meter industrial facility with logistics property developer WDP Romania.

According to Kinstellar, the target facility is situated in Arges county, in an "established automotive production cluster centered around Dacia Renault’s production facilities." The facility has a gross lettable area of circa 20,000 square meters and will be rented by the seller under a long-term lease.

SFC Solutions Automotive Romania is an automotive-parts producer.

WDP Romania is the local subsidiary of Warehouses De Pauw, a Belgian company offering customized services of development, letting, and management of logistical and industrial properties, with a portfolio of 1.8 million square meters of warehouses, distribution centers, and industrial spaces in Europe.

The Kinstellar team included Managing Partner Victor Constantinescu, Partner Iustinian Captariu, Special Counsel Magdalena Raducanu, Managing Associate Catalin Graure, Senior Associate Adelina Seserman, and Associate Rena Saftencu.

Kinstellar was unable to disclose further information on the deal.

Editor's Note: After this article was published, Popovici Nitu Stoica & Asociatii announced it had advised Belgian developer WDP on the transaction. The firm's team was led by Partner Valentin Creata and included Senior Associate Cristiana Blei and Associates Diana Enache and Alina Georgescu.

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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). 

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