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Popovici Nitu & Asociatii Advises Siena Group in Takeover of Iasi City Center

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The Siena Group was advised by Popovici Nitu & Asociatii in taking entire control of Iasi City Center, a real estate company set up to develop a major office and logistics project in Iasi, Romania.

Iasi City Center was one of the initial investments by Romanian Real Estate Partners BV, an investment vehicle of US and Spanish investment funds.

The Siena Group's taking of entire control of Iasi City Center SA was conducted within the reorganization procedures of Romanian Real Estate Partners BV and involved concerted efforts over more than a half-year, in several jurisdictions.

The Popovici team advising the Siena Group was led by Serban Patriciu, Managing Associate, while Romanian Real Estate Partners BV was advised by CMS Amsterdam.

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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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