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Top rankings for Tuca Zbarcea & Asociatii in Chambers Europe 2022 edition Tuca Zbarcea & Asociatii has once again been recognised as one of the best law firms in Romania by the 2022 edition of Chambers Europe, released today. The firm is also shortlisted for the "Law Firm of the Year Award" at the 2022 Chambers Europe Awards. Tuca Zbarcea & Asociatii has once again been recognised as one of the best law firms in Romania by the 2022 edition of Chambers Europe, released today. The firm is also shortlisted for the "Law Firm of the Year Award" at the 2022 Chambers Europe Awards. Tuca Zbarcea & Asociatii is at the very top of the profession as regards all major areas of law, according to the most recent Chambers Europe edition, the firm's lawyers being highly recognised for their outstanding work in complex projects, including litigation and arbitration. As such, the firm ranks first in Corporate/M&A, Dispute Resolution, Competition/Antitrust, Intellectual Property/Telecom, Media & IT (TMT). Also, the firm received top rankings in Tax, Projects & Energy, Employment, Real Estate and Banking & Finance. Furthermore, Chambers Europe singles out our team's professional skills and excellence in client service, with 14 lawyers and tax advisors being named as "Leading Individuals" in this year's edition of the guide. Once again, Chambers Europe's editors note that Tuca Zbarcea & Asociatii has a "longstanding presence at the top end of the Romanian market". As a matter of fact, in recognition of the firm's pre-eminence in the market, Chambers Europe has this year once again shortlisted Tuca Zbarcea & Asociatii for the "Law Firm of the Year Award" at the annual Chambers Europe Awards gala. Tuca Zbarcea & Asociatii is a multiple award-winning law firm, having won this prestigious trophy three times so far. For nearly 30 years, Chambers & Partners has published the world's leading guides to the legal profession and has built a reputation for in-depth, objective research, covering 200 jurisdictions throughout the world. According to Chambers Europe's editors, 288 submissions were received from Romania for the Chambers Europe 2022 edition.
March 17, 2022
Top rankings for Țuca Zbârcea & Asociații in Chambers Europe 2022 edition
Țuca Zbârcea & Asociații has once again been recognised as one of the best law firms in Romania by the 2022 edition of Chambers Europe, released today. The firm is also shortlisted for the "Law Firm of the Year Award" at the 2022 Chambers Europe Awards. [+]

Țuca Zbârcea & Asociații has once again been recognised as one of the best law firms in Romania by the 2022 edition of Chambers Europe, released today. The firm is also shortlisted for the "Law Firm of the Year Award" at the 2022 Chambers Europe Awards.

Chambers_Europe_2022Țuca Zbârcea & Asociații is at the very top of the profession as regards all major areas of law, according to the most recent Chambers Europe edition, the firm's lawyers being highly recognised for their outstanding work in complex projects, including litigation and arbitration. As such, the firm ranks first in Corporate/M&A, Dispute Resolution, Competition/Antitrust, Intellectual Property/Telecom, Media & IT (TMT). Also, the firm received top rankings in Tax, Projects & Energy, Employment, Real Estate and Banking & Finance.

Furthermore, Chambers Europe singles out our team's professional skills and excellence in client service, with 14 lawyers and tax advisors being named as "Leading Individuals" in this year's edition of the guide. 

Once again, Chambers Europe's editors note that Țuca Zbârcea & Asociații has a "longstanding presence at the top end of the Romanian market". As a matter of fact, in recognition of the firm's pre-eminence in the market, Chambers Europe has this year once again shortlisted Țuca Zbârcea & Asociații for the "Law Firm of the Year Award" at the annual Chambers Europe Awards gala. Țuca Zbârcea & Asociații is a multiple award-winning law firm, having won this prestigious trophy three times so far.

For nearly 30 years, Chambers & Partners has published the world's leading guides to the legal profession and has built a reputation for in-depth, objective research, covering 200 jurisdictions throughout the world. According to Chambers Europe's editors, 288 submissions were received from Romania for the Chambers Europe 2022 edition.

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Tuca Zbarcea & Asociatii acts for a club of banks in relation to a RON 431 million syndicated credit facility Tuca Zbarcea & Asociatii advised a club of banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group, a Romanian based leading player in the food industry. "We were very pleased to be involved in this transaction. The very tight timeframe in which the negotiation and finalisation of the transaction documentation were conducted, as well as the legal topics addressed in the contracts involved a significant joint effort, with corresponding professional satisfactions upon the successful closing of the transaction." said Mihai Dudoiu, Partner and Co-head of the firm's Banking and Finance practice group. Tuca Zbarcea & Asociatii advised a club of banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group, a Romanian based leading player in the food industry. The syndicated loan was made available for the financing of several bilateral loans granted by the financing banks part of the syndicate, namely OTP Bank Romania S.A., CEC Bank S.A., First Bank S.A., Banca de Export Import a Romaniei EximBank S.A. and International Investment Bank, which triggered complex negotiations and structuring of the financing documentation. "We were very pleased to be involved in this transaction. The very tight timeframe in which the negotiation and finalisation of the transaction documentation were conducted, as well as the legal topics addressed in the contracts involved a significant joint effort, with corresponding professional satisfactions upon the successful closing of the transaction." said Mihai Dudoiu, Partner and Co-head of the firm's Banking and Finance practice group. The core team from Tuca Zbarcea & Asociatii advising the syndicate of banks consisted of Mihai Dudoiu, Partner and Catalin Georgescu, Managing Associate.
March 14, 2022
Țuca Zbârcea & Asociații acts for a club of banks in relation to a RON 431 million syndicated credit facility

Țuca Zbârcea & Asociații advised a club of banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group, a Romanian based leading player in the food industry.

"We were very pleased to be involved in this transaction. The very tight timeframe in which the negotiation and finalisation of the transaction documentation were conducted, as well as the legal topics addressed in the contracts involved a significant joint effort, with corresponding professional satisfactions upon the successful closing of the transaction." said Mihai Dudoiu, Partner and Co-head of the firm's Banking and Finance practice group. [+]

Țuca Zbârcea & Asociații advised a club of banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group, a Romanian based leading player in the food industry.

The syndicated loan was made available for the financing of several bilateral loans granted by the financing banks part of the syndicate, namely OTP Bank Romania S.A., CEC Bank S.A., First Bank S.A., Banca de Export Import a Romaniei EximBank S.A. and International Investment Bank, which triggered complex negotiations and structuring of the financing documentation.

"We were very pleased to be involved in this transaction. The very tight timeframe in which the negotiation and finalisation of the transaction documentation were conducted, as well as the legal topics addressed in the contracts involved a significant joint effort, with corresponding professional satisfactions upon the successful closing of the transaction." said Mihai Dudoiu, Partner and Co-head of the firm's Banking and Finance practice group.

The core team from Țuca Zbârcea & Asociații advising the syndicate of banks consisted of Mihai Dudoiu, Partner and Cătălin Georgescu, Managing Associate.

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Tuca Zbarcea & Asociatii retains Gold rating in the latest WTR 1000 rankings Tuca Zbarcea & Asociatii received a "Gold" rating in the latest WTR 1000 rankings both as regards the firm's relevant expertise with Enforcement and Litigation, as well as Prosecution and Strategy. Also, Ciprian Dragomir, Head of the firm's IP practice group was rated as a "Gold" individual. Tuca Zbarcea & Asociatii received a "Gold" rating in the latest WTR 1000 rankings both as regards the firm's relevant expertise with Enforcement and Litigation, as well as Prosecution and Strategy. Also, Ciprian Dragomir, Head of the firm's IP practice group was rated as a "Gold" individual. The WTR 1000 identifies the leading professionals and firms that are deemed outstanding at obtaining, protecting, managing, enforcing and monetising trademarks. WTR 1000 - the World's Leading Trademark Professionals - a unique guide covering the top trademark professionals in key jurisdictions around the globe. The WTR 1000 focuses exclusively on trademark practice and has firmly established itself as the definitive 'go-to' resource for those seeking world-class legal trademark expertise. Full rankings are available here.
March 10, 2022
Țuca Zbârcea & Asociații retains Gold rating in the latest WTR 1000 rankings
Țuca Zbârcea & Asociații received a "Gold" rating in the latest WTR 1000 rankings both as regards the firm's relevant expertise with Enforcement and Litigation, as well as Prosecution and Strategy. Also, Ciprian Dragomir, Head of the firm's IP practice group was rated as a "Gold" individual.  [+]

Țuca Zbârcea & Asociații received a "Gold" rating in the latest WTR 1000 rankings both as regards the firm's relevant expertise with Enforcement and Litigation, as well as Prosecution and Strategy. Also, Ciprian Dragomir, Head of the firm's IP practice group was rated as a "Gold" individual. 

The WTR 1000 identifies the leading professionals and firms that are deemed outstanding at obtaining, protecting, managing, enforcing and monetising trademarks.

WTR 1000 - the World's Leading Trademark Professionals - a unique guide covering the top trademark professionals in key jurisdictions around the globe. The WTR 1000 focuses exclusively on trademark practice and has firmly established itself as the definitive 'go-to' resource for those seeking world-class legal trademark expertise.

Full rankings are available here.

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Tuca Zbarcea & Asociatii advises Partners for Growth VI, L.P. on a complex financing involving the Romanian subsidiary of Splend Group A team of banking and finance lawyers from Tuca Zbarcea & Asociatii advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession, as additional guarantor and security provider, of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement (equivalent of more than EUR 25 million). The team included Partner Mihai Dudoiu, Managing Associate Catalin Georgescu, and Associate Sorina Stefoni. Also, Hamilton Locke acted as Australian lead counsel of Partners for Growth VI, L.P. A team of banking and finance lawyers from Tuca Zbarcea & Asociatii advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession, as additional guarantor and security provider, of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement (equivalent of more than EUR 25 million). The team included Partner Mihai Dudoiu, Managing Associate Catalin Georgescu, and Associate Sorina Stefoni. Also, Hamilton Locke acted as Australian lead counsel of Partners for Growth VI, L.P. Splend Group is a global leader in providing cars to on-demand drivers, offering training, data analytics and car rentals for ride-hailing drivers on either a rent-to-buy or for-lease basis. The company founded in Sydney has expanded over the years across Australia and Europe, its entrance on the Romanian market being made in 2017.
March 8, 2022
Țuca Zbârcea & Asociații advises Partners for Growth VI, L.P. on a complex financing involving the Romanian subsidiary of Splend Group

A team of banking and finance lawyers from Țuca Zbârcea & Asociații advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession, as additional guarantor and security provider, of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement (equivalent of more than EUR 25 million).

The team included Partner Mihai Dudoiu, Managing Associate Cătălin Georgescu, and Associate Sorina Stefoni. Also, Hamilton Locke acted as Australian lead counsel of Partners for Growth VI, L.P. [+]

A team of banking and finance lawyers from Țuca Zbârcea & Asociații advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession, as additional guarantor and security provider, of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement (equivalent of more than EUR 25 million).

The team included Partner Mihai Dudoiu, Managing Associate Cătălin Georgescu, and Associate Sorina Stefoni. Also, Hamilton Locke acted as Australian lead counsel of Partners for Growth VI, L.P.

Splend Group is a global leader in providing cars to on-demand drivers, offering training, data analytics and car rentals for ride-hailing drivers on either a rent-to-buy or for-lease basis. The company founded in Sydney has expanded over the years across Australia and Europe, its entrance on the Romanian market being made in 2017.

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Tuca Zbarcea & Asociatii receives prestigious international recognition for its media law expertise Tuca Zbarcea & Asociatii was rated as a First-Tier law firm by Media Law International (MLI), a specialist guide to the global leaders in media law practice. The MLI editors note that "the firm's leading media and advertising group attracts multiple clients from the broadcast sector. With assistance including legal and regulatory, the firm's service areas cover a range of matters including television distribution, digital broadcasting and authorisation. Lawyers have extensive experience advising on electronic communication and audio-visual law. The team is highly regarded for its entertainment and publishing specialisations." Tuca Zbarcea & Asociatii was rated as a First-Tier law firm by Media Law International (MLI), a specialist guide to the global leaders in media law practice. The MLI editors note that "the firm's leading media and advertising group attracts multiple clients from the broadcast sector. With assistance including legal and regulatory, the firm's service areas cover a range of matters including television distribution, digital broadcasting and authorisation. Lawyers have extensive experience advising on electronic communication and audio-visual law. The team is highly regarded for its entertainment and publishing specialisations." Tuca Zbarcea & Asociatii has a leading media law practice as part of its wider Telecom, Media and Technology (TMT) practice group which comprises lawyers with strong industry expertise and knowledge. Heads of team are Vlad Cercel (Partner) and Catalin Baiculescu (Partner). Media Law International (MLI) provides comprehensive coverage of firms and practitioners with media law expertise, across 56 jurisdictions. More details about this year's rankings are available here.
February 24, 2022
Țuca Zbârcea & Asociații receives prestigious international recognition for its media law expertise
Țuca Zbârcea & Asociații was rated as a First-Tier law firm by Media Law International (MLI), a specialist guide to the global leaders in media law practice. The MLI editors note that "the firm's leading media and advertising group attracts multiple clients from the broadcast sector. With assistance including legal and regulatory, the firm's service areas cover a range of matters including television distribution, digital broadcasting and authorisation. Lawyers have extensive experience advising on electronic communication and audio-visual law. The team is highly regarded for its entertainment and publishing specialisations." [+]

Țuca Zbârcea & Asociații was rated as a First-Tier law firm by Media Law International (MLI), a specialist guide to the global leaders in media law practice.

The MLI editors note that "the firm's leading media and advertising group attracts multiple clients from the broadcast sector. With assistance including legal and regulatory, the firm's service areas cover a range of matters including television distribution, digital broadcasting and authorisation. Lawyers have extensive experience advising on electronic communication and audio-visual law. The team is highly regarded for its entertainment and publishing specialisations."

Țuca Zbârcea & Asociații has a leading media law practice as part of its wider Telecom, Media and Technology (TMT) practice group which comprises lawyers with strong industry expertise and knowledge. Heads of team are Vlad Cercel (Partner) and Cătălin Băiculescu (Partner).

Media Law International (MLI) provides comprehensive coverage of firms and practitioners with media law expertise, across 56 jurisdictions.

More details about this year's rankings are available here.

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Tuca Zbarcea & Asociatii ranked in Chambers Global - Corporate and M&A as well as Banking and Finance, with Catalin Baiculescu and Mihai Dudoiu top ranked in the respective areas Chambers Global 2022 singles out Tuca Zbarcea & Asociatii for its expertise in Corporate and M&A, as well as Banking and Finance. The legal directory also praises the Romanian law firm for its International & Cross-Border Capabilities: "The team remains a popular choice for clients seeking coordinating counsel in cross-border mandates, particularly within the Romanian-centred CEE regional remit. It is known to cooperate seamlessly with international counsel on complex matters." Corporate/M&A Partner Catalin Baiculescu and Banking and Finance Partner Mihai Dudoiu have both been recognised for their impressive activity in these areas. Chambers Global 2022 singles out Tuca Zbarcea & Asociatii for its expertise in Corporate and M&A, as well as Banking and Finance. The legal directory also praises the Romanian law firm for its International & Cross-Border Capabilities: "The team remains a popular choice for clients seeking coordinating counsel in cross-border mandates, particularly within the Romanian-centred CEE regional remit. It is known to cooperate seamlessly with international counsel on complex matters." Corporate/M&A Partner Catalin Baiculescu and Banking and Finance Partner Mihai Dudoiu have both been recognised for their impressive activity in these areas. Corporate and M&A (Band 1): Tuca Zbarcea & Asociatii has a "longstanding presence at the top end of the Romanian market. Has demonstrable capacity to handle the local law aspects of international-driven global corporate deals that are coordinated by international counsel. Acts on the full scope of corporate matters, including mergers, acquisitions, divestments, transfers of business and private equity deals. Offers expertise in cross-border intra-group restructuring". "Catalin Baiculescu handles M&A transactions in the TMT, life sciences, and food and beverage sectors. Catalin Baiculescu is "hard-working and dedicated to his clients," one client remarks, going on to add that he is "very down to earth and friendly," as well as being "a smooth negotiator and excellent drafter." Banking and Finance (Band 3): Tuca Zbarcea & Asociatii has an "established team noted for its experience representing both lenders and borrowers in financing projects, particularly assisting with real estate and acquisition finance, as well as corporate finance mandates. Represents clients in cross-border NPL transactions. Also assists with capital markets mandates, including bond and note issuances, as well as equity raises and regulatory compliance mandates." "Mihai Dudoiu is popular among clients from the banking and financial services sector for advising them on NPL transactions, credit facility agreements and real estate finance deals. One client reports that he is "very composed and reasonable in understanding the other party's view," while another client describes him as "very tactful, calm and a solution finder." More details about the recently released guide may be found here.
February 21, 2022
Țuca Zbârcea & Asociații ranked in Chambers Global - Corporate and M&A as well as Banking and Finance, with Cătălin Băiculescu and Mihai Dudoiu top ranked in the respective areas

Chambers Global 2022 singles out Țuca Zbârcea & Asociații for its expertise in Corporate and M&A, as well as Banking and Finance. The legal directory also praises the Romanian law firm for its International & Cross-Border Capabilities: "The team remains a popular choice for clients seeking coordinating counsel in cross-border mandates, particularly within the Romanian-centred CEE regional remit. It is known to cooperate seamlessly with international counsel on complex matters."

Corporate/M&A Partner Cătălin Băiculescu and Banking and Finance Partner Mihai Dudoiu have both been recognised for their impressive activity in these areas. [+]

Chambers Global 2022 singles out Țuca Zbârcea & Asociații for its expertise in Corporate and M&A, as well as Banking and Finance.

The legal directory also praises the Romanian law firm for its International & Cross-Border Capabilities: "The team remains a popular choice for clients seeking coordinating counsel in cross-border mandates, particularly within the Romanian-centred CEE regional remit. It is known to cooperate seamlessly with international counsel on complex matters."

Corporate/M&A Partner Cătălin Băiculescu and Banking and Finance Partner Mihai Dudoiu have both been recognised for their impressive activity in these areas.

Corporate and M&A (Band 1):

  • Țuca Zbârcea & Asociații has a "longstanding presence at the top end of the Romanian market. Has demonstrable capacity to handle the local law aspects of international-driven global corporate deals that are coordinated by international counsel. Acts on the full scope of corporate matters, including mergers, acquisitions, divestments, transfers of business and private equity deals. Offers expertise in cross-border intra-group restructuring".
  • "Cătălin Băiculescu handles M&A transactions in the TMT, life sciences, and food and beverage sectors. Cătălin Băiculescu is "hard-working and dedicated to his clients," one client remarks, going on to add that he is "very down to earth and friendly," as well as being "a smooth negotiator and excellent drafter."

Banking and Finance (Band 3):

  • Țuca Zbârcea & Asociații has an "established team noted for its experience representing both lenders and borrowers in financing projects, particularly assisting with real estate and acquisition finance, as well as corporate finance mandates. Represents clients in cross-border NPL transactions. Also assists with capital markets mandates, including bond and note issuances, as well as equity raises and regulatory compliance mandates."
  • "Mihai Dudoiu is popular among clients from the banking and financial services sector for advising them on NPL transactions, credit facility agreements and real estate finance deals. One client reports that he is "very composed and reasonable in understanding the other party's view," while another client describes him as "very tactful, calm and a solution finder."

More details about the recently released guide may be found here.


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Tuca Zbarcea & Asociatii completes high-profile deal in the retail sector Tuca Zbarcea & Asociatii advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Razvan Gheorghiu-Testa advised the seller on all legal aspects that were incident to the transaction. Tuca Zbarcea & Asociatii advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Razvan Gheorghiu-Testa advised the seller on all legal aspects that were incident to the transaction. The deal marks the completion of a successful repositioning and revival of the retail scheme into a large-scale neighbourhood power centre focused on home, convenience and grocery products, with long-term leases secured by well-established domestic and international retail operators. Radu Boitan, Head of Investments at Revetas Capital, said: "Vitantis Shopping Center was one of most ambitious investment exercises we undertook in 2014 and a showcase of a successful turnaround of a "first generation" shopping center located in one the most competitive submarkets of the Romanian capital city. During the holding period, we navigated one of the most challenging decades for retail as an asset class, additionally intensified by the dynamics of the following economic downturn initiated by the Global Financial Crisis and the massive traffic and operational restrictions imposed by the COVID-19 pandemic." "The sale of Vitantis sets a new benchmark in the market as the first retail transaction in Romania to be completed post-COVID 19 in an open market process, following a record-breaking lease-up program to a mix of successful retail operators to which we are grateful for their trust and partnership. The transaction is a proof of maturity and resilience of the retail sector in a period of profound transformations", Radu Boitan concluded. Vitantis Shopping Center - Praktiker Real Estate Romania deal follows another important transaction in the real estate sector that has been recently concluded by Tuca Zbarcea & Asociatii's lawyers, namely a EUR 35 million acquisition of Record Park Offices in Cluj-Napoca by AYA Properties Fund. Tuca Zbarcea & Asociatii has a strong real estate team advising investors and developers, asset and property managers, financial institutions/banks, energy investors, major retailers, engineering, construction and infrastructure companies and public authorities. The firm is a three-time winner of the "Law Firm of the Year in Real Estate" Award from CIJ magazine (Central & Eastern European Construction & Investment Journal) and is also highly rated by all international legal directories (Legal 500, Chambers Europe etc) as regards its expertise in real estate and construction matters. More details on the Vitantis Shopping Center - Praktiker Real Estate Romania deal can be found here.
February 2, 2022
Țuca Zbârcea & Asociații completes high-profile deal in the retail sector
Țuca Zbârcea & Asociații advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Răzvan Gheorghiu-Testa advised the seller on all legal aspects that were incident to the transaction. [+]

Țuca Zbârcea & Asociații advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Răzvan Gheorghiu-Testa advised the seller on all legal aspects that were incident to the transaction.

The deal marks the completion of a successful repositioning and revival of the retail scheme into a large-scale neighbourhood power centre focused on home, convenience and grocery products, with long-term leases secured by well-established domestic and international retail operators.

Radu Boitan, Head of Investments at Revetas Capital, said: "Vitantis Shopping Center was one of most ambitious investment exercises we undertook in 2014 and a showcase of a successful turnaround of a "first generation" shopping center located in one the most competitive submarkets of the Romanian capital city. During the holding period, we navigated one of the most challenging decades for retail as an asset class, additionally intensified by the dynamics of the following economic downturn initiated by the Global Financial Crisis and the massive traffic and operational restrictions imposed by the COVID-19 pandemic."

"The sale of Vitantis sets a new benchmark in the market as the first retail transaction in Romania to be completed post-COVID 19 in an open market process, following a record-breaking lease-up program to a mix of successful retail operators to which we are grateful for their trust and partnership. The transaction is a proof of maturity and resilience of the retail sector in a period of profound transformations", Radu Boitan concluded.

Vitantis Shopping Center - Praktiker Real Estate Romania deal follows another important transaction in the real estate sector that has been recently concluded by Țuca Zbârcea & Asociații's lawyers, namely a EUR 35 million acquisition of Record Park Offices in Cluj-Napoca by AYA Properties Fund.

Țuca Zbârcea & Asociații has a strong real estate team advising investors and developers, asset and property managers, financial institutions/banks, energy investors, major retailers, engineering, construction and infrastructure companies and public authorities. The firm is a three-time winner of the "Law Firm of the Year in Real Estate" Award from CIJ magazine (Central & Eastern European Construction & Investment Journal) and is also highly rated by all international legal directories (Legal 500, Chambers Europe etc) as regards its expertise in real estate and construction matters.

More details on the Vitantis Shopping Center - Praktiker Real Estate Romania deal can be found here.

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Tuca Zbarcea & Asociatii advises AYA Properties Fund on its EUR 35 million acquisition of RECORD PARK Offices in Cluj-Napoca Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices. Tuca Zbarcea & Asociatii acted as Romanian legal advisors to AYA Properties Fund, a Belgian based real estate investment fund with focus on AAA-locations in South-Eastern Europe. Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices. The components, subject to this transaction structured as a share deal, are valued at EUR 35 million, and combine 15,000 sqm of A-class office and retail spaces (including a historical refurbished building) and 2,000 sqm stand-alone sports center with pool. Tuca Zbarcea & Asociatii acted as Romanian legal advisors to AYA Properties Fund, a Belgian based real estate investment fund with focus on AAA-locations in South-Eastern Europe, with a mixed team of M&A and real estate lawyers under the coordination of Dragos Apostol, Partner (on the transaction side), together with Oana Ureche, Partner, Amalia Dumitru and Ioana Marculet, Managing Associates (on the due diligence side). "We are very pleased and proud to have acquired the Class A office part of RECORD PARK, a mixed-use development in Cluj, Romania. Given it's AAA location, quality tenants and BREEAM certificate, the project becomes a prime asset in our portfolio.", said Simon Synaeghel, Investment Manager at AYA Properties Fund.
January 20, 2022
Țuca Zbârcea & Asociații advises AYA Properties Fund on its EUR 35 million acquisition of RECORD PARK Offices in Cluj-Napoca
Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices. Țuca Zbârcea & Asociații acted as Romanian legal advisors to AYA Properties Fund, a Belgian based real estate investment fund with focus on AAA-locations in South-Eastern Europe. [+]

Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices. The components, subject to this transaction structured as a share deal, are valued at EUR 35 million, and combine 15,000 sqm of A-class office and retail spaces (including a historical refurbished building) and 2,000 sqm stand-alone sports center with pool.

Țuca Zbârcea & Asociații acted as Romanian legal advisors to AYA Properties Fund, a Belgian based real estate investment fund with focus on AAA-locations in South-Eastern Europe, with a mixed team of M&A and real estate lawyers under the coordination of Dragoș Apostol, Partner (on the transaction side), together with Oana Ureche, Partner, Amalia Dumitru and Ioana Mărculeț, Managing Associates (on the due diligence side).

"We are very pleased and proud to have acquired the Class A office part of RECORD PARK, a mixed-use development in Cluj, Romania. Given it's AAA location, quality tenants and BREEAM certificate, the project becomes a prime asset in our portfolio.", said Simon Synaeghel, Investment Manager at AYA Properties Fund.

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