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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

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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