Kinstellar has advised the Max Aicher Group on the sale of a property within the former Combinatul de Utilaj Greu industrial estate in Cluj-Napoca, Romania, to local developer Hexagon Group. Popovici, Nitu, Stoica si Asociatii reportedly advised Hexagon Group.
According to Kinstellar, the asset comprises approximately 23 hectares of industrial land held through a special purpose vehicle of Max Aicher Group. Hexagon Group plans to redevelop the site into a modern mixed-use project.
The Kinstellar team included Partner Rusandra Sandu, Managing Associates Iunia Nagy and Andrei Balus, and Associate Malina Andries.
Editor's Note: After this article was published, PNSA confirmed it advised Hexagon Group. The firm's team included Managing Partner Florian Nitu, Partner Mihaela Ion, Counsel Adrian Nica, Managing Associates Ana Maria Popa, Laura Ambrozie, Vanessa Nistor, and Camelia Constantin, and Associate Cristina Anderco.
