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Reff & Associates and Eversheds Advise on Sibiu Commercial Center Sale

Reff & Associates and Eversheds Advise on Sibiu Commercial Center Sale

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Reff & Associates has advised NEPI Rockcastle on its taking over the building of a commercial center in downtown Sibiu, Romania, from Primavera Development Group in a deal worth around EUR 21 million. Primavera Development Group was assisted by Eversheds Romania.

NEPI Rockcastle plc is a commercial property investor and developer that is listed on the Main Board of the Johannesburg Stock Exchange Limited and Euronext Amsterdam.

The plans for the construction of the mall on a 3.4 hectare plot on the former Simerom factory have existed since 2008. The commercial center, which is expected to open at the end of 2019, will have 43,000 square meters of leasable area.

The project was coordinated by Reff & Associates Associate Partner Irina Dimitriu and included Senior Associates Maria Nitulescu and Sandra Cahu Ionescu and Associates Diana Doci and Cristiana Baltag. 

The Eversheds team was led by Partner Cristian Lina and included Senior Associate Carolina Pletniuc and Partner Cristian Guia.


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). 

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