Real estate development

Our development practice, together with our related investment practice, is at the core of our real estate group’s practice.

We have extensive expertise in advising on all types of development such as residential compounds, office buildings, shopping centres, business parks, leisure projects and industrial sites and, additionally, we offer expert advice in relation to mixed-use urban regeneration projects.

We advise on all legal issues involved with securing complicated development sites, framing joint venture structures and with financing and construction matters. We simplify the process of pre-leasing and pre-selling the future premises to potential tenants or end buyers and, in doing so, help developments get a kick-start.

Our experience, together with our in-depth industry knowledge, gives our clients a significant competitive advantage in a dynamic market.

• Advised Bog’Art Residential, the real estate investment division of Bog'Art Group, on the acquisition of 2 land plots located in the North of Bucharest, from OMV Petrom S.A. (part of OMV Group), with a view to be developed into a 130 apartment residential complex.
• Advised Cordia Residence (Group Futureal) on the acquisition of 21.000 sq. m. land plot in the Grivita Lake area, part of the Bucurestii Noi region of Bucharest.
• Advised London Partners with the acquisition of a plot with an approximate area of 29,000 sq.m., located in the Expozitiei Area, one of the fastest developing areas in Bucharest.
• Advised Cordia Parcului, a local subsidiary of Cordia International Hungary on the development of the first smart home concept residential project in Bucharest.
• Advised Belvedere Residences UTR3 S.R.L., a local vehicle of London Partners, in relation to a multi-phase residential project developed in one of the fastest growing areas of Northern Bucharest
• Advised Futureal Management, one of the leading real estate developers and investors in Central Eastern Europe, in relation to the staged development of the Parcului 20 residential project in Bucharest, including drafting all sale and purchase related templates for the sale of units and assisting the client throughout the entire sale process.
• Providing day–to-day legal advice to Catinvest, a large French real estate family owned fund, in relation to their Romanian real estate assets, namely the Orhideea and Esplanada shopping galleries, Tomis Mall Constanta and the Electroputere Craiova Shopping Center.
• Providing day-to-day legal advice to the Intercora Group, Alpha Real Estate Investment and Alpha Property Development, part of Mitiska Belgium, in relation to their Romanian real estate assets including, amongst others, the Pipera Plaza Shopping Center.
• Advised one of the major real estate development companies in Romania, part of an international group, with investments worth over $1 billion in several market sectors and in relation to the staged development and sale of one of the largest residential projects in northern Bucharest, including regularly reviewing and updating the main sale and purchase templates
• Providing on-going advice to Hagag Development Europe, part of the Israeli Hagag Group, regarding the development, rental and/or sale of a mixed residential/ commercial project in central Bucharest and a luxury residential project in northern Bucharest.