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Maravela & Asociatii Assists Interparking in Acquisition of Timisoara Parking Lot

Maravela & Asociatii Assists Interparking in Acquisition of Timisoara Parking Lot

Romania
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Maravela & Asociatii has advised Belgian company Interparking on its almost EUR 4 million acquisition of P700 Parking, in Timisoara, from S.C. Constructim S.A.

Interparking Group, which is present in nine countries and in over 360 cities, currently holds 782 units totaling 355,839 parking spaces across Europe. In 2016, the group’s turnover was over EUR 410 million. Interparking holds four parking lots in Romania, in Bucharest and Timisoara.

The P700 parking lot in Timisoara has a capacity of 520 parking spaces, whilst the parking lots in Bucharest have a total of 1,400 spaces.

The Maravela & Asociatii’s team, which was coordinated by Partner Dana Radulescu, assisted with due diligence as well as the negotiation and drafting of transaction documents. "We are glad to be involved in transactions that underline the raised interest of foreign investors, speeding the modernization of the infrastructure and offering practical solutions to everyday problems," he commented. "The Interparking Group intends to further expand its business in the region so we presume that new projects will be announced shortly.” 

 

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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