Real estate is one of our core practice areas with Romania maintaining a strong drive for further development. Several key areas remain underdeveloped and we believe that the real estate sector is the key to spurring further growth in the Romanian economy. We also believe real estate projects involving agriculture and forestry will see a sharp increase in the near future, based on the abundance of these resources and long-term historical trends.
We provide advice and assistance to real estate investment and management funds, developers, banks and other financial institutions, as well as to real estate consultants and professionals in all aspects of their property-related activities.
We are widely recognised as the leading firm on leasing and build-to-suit lease agreements, our team being involved, amongst others, in the largest ever single tenant office lease in Romania.
We also assist local and foreign public bodies on legal issues involving real estate, including: real estate transfers; mergers, acquisitions and investments; and construction issues. We provide day-to-day assistance for residential, commercial, and industrial/logistical real estate uses, real estate finance, planning and urban planning. In matters involving urban planning, the firm offers legal advice on zoning regulations, municipal restrictions, licencing procedures and authorisations for urban operations.
With our support, our clients have developed acclaimed office buildings, residential projects, retail spaces and health and leisure developments.
Our Relevant Experience
Stratulat Albulescu Attorneys at Law assisted World Class Romania, the leader in the fitness industry in Romania, with the acquisition of a new fitness club that covers almost 1,300 sq. m. of aerobic, fitness and cycling studios, as well as functional training areas. Our experts managed to give best advise from the outset of this project, and throughout the entire process. The successeful team was led by Partner Ramona Iancu and involved Associates such as Cătălina Oancea, Silvana Zecheru and Daiana Assoum, Managing Partner Silviu Stratulat, Partners like Corneliu Popa and Costin Teodorovici, and Senior Associate Andrei Băluș.
Stratulat Albulescu Attorneys at Law assisted First Property Group PLC, a property fund manager and investor with operations in the UK, Poland and Romania, in conjunction with a club of investors, on the acquisition of the MAESTRO BUSINESS CENTER Office Building located in Cluj -Napoca, Romania. The assistance provided by the Company covered all legal aspects of the transaction from the outset to the assistance in the financing of the acquisition.
Assisting WebHelp Romania and a 35,000-strong global leader in business process outsourcing (BPO), specializing in customer experience, with 3 awards at ABSL Gala 2018, with respect to the lease of an additional three floors totalizing a surface of over 1,500 sq. .m. for expanding its office premises in Bucharest.