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Maravela & Asociatii Assists Interparking in Acquisition of Timisoara Parking Lot

Maravela & Asociatii Assists Interparking in Acquisition of Timisoara Parking Lot

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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

MPR Partners is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners can be found at www.mprpartners.com.

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