Tuca Zbarcea & Asociatii has advised Speedwell Real Estate Development on its acquisition of two plots of land from Austrian real estate investor Immofinanz, which was represented by Popovici Nitu Stoica & Asociatii.
According to Tuca Zbarcea & Asociatii, "the two land plots of more than 50,000 square meters are located in Northern Bucharest and will help Speedwell complete its residential portfolio on the premium market segment.”
Didier Balcaen, General Manager of Speedwell, said: “The land plots themselves will be served by facilities such as retail, relaxation, and office areas in the direct vicinity."
Tuca Zbarcea & Asociatii’s team was led by Partner Razvan Gheorghiu-Testa.
The PNSA team included Partner Valentin Creata, Managin Associate Codrin Luta, and Associate Geanina Popescu.