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Biris Goran and NNDKP Advise on EUR 35.5 Million Logistics Project Near Bucharest

Biris Goran and NNDKP Advise on EUR 35.5 Million Logistics Project Near Bucharest

Romania
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Biris Goran has advised Global Vision on its agreement with Globalworth to develop a EUR 35.5 million logistic project in the southeastern Romanian town of Chitila. Nestor Nestor Diculescu Kingston Petersen advised Globalworth on the deal.

The project will be launched under the Global Logistics brand. Global Logistics Chitila  will be built on a land plot of over 136,000 square meters. 

According to a Globalworth press release, “the location benefits from excellent accessibility, being positioned next to the Bucharest ring road, which connects the project to the A1 and N7 roads and the city’s central districts.”   

The total leasable area of Global Logistics Chitila will be about 77,000 square meters. The development of the project will be completed in several stages, with the first 20,000 square meters of logistics space scheduled for delivery in the first half of 2020. 

Founded in 2004, Global Vision develops, designs, builds, and manages strategic real estate projects for private and institutional investors in Romania and the CEE. The company also owns a portfolio of properties consisting of office buildings, residential and industrial projects. 

Globalworth is a London-based real estate company listed on the London Stock Exchange. The company operates in Romania and Poland.

The Biris Goran team consisted of Partners Daniela Lazea and Ruxandra Jianu and Senior Associate Teodora Motatu.

The NNDKP team was led by Partner Ioana Niculeasa and included Partner Georgeta Dinu, Managing Associate Ioana Grigoriu, and Associates Adriana Zamfirescu and Anca Pascu, Associate.

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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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