SAA co-hosts Romanian Stand at Expo Real 2018 in Munich
Our Partner and Co-Head of Real Estate, Corneliu Popa, represented Stratulat Albulescu Attorneys at Law alongside Managing Associate Laura Neacsu at the Expo Real in Munich this week.
Our team co-hosted the Romanian stand with other representatives from Romania. The visitors to this year’s Romania stand reportedly exceeded the numbers from any previous years. Our delegation met with over 20 law firms and investors from the UK, US, and Germany amongst others.
The main exchange included views on the Romanian real estate market and our lawyers re-assured investors of the positive climate in the country. Of particular interest to investors were Logistics, Big Retail Boxes, Offices, Hospitality (Hotels), Agricultural Land and there was also a particularly high interest in benefits for investment in Retirement communities which was expressed by the German delegation.
Corneliu Popa has been attending the Expo Real since 2006 and testifies that this year’s Romanian presentation drew the largest audience he has witnessed throughout the years. The main issue for concern related by investors to our team, was the legal climate in Romania however, Corneliu and Laura thoroughly re-assured investors of the stability in the Romanian market. Both delegates held meetings and presentations in the English and German language, being part of our firm’s dedicated German desk.
“EXPO REAL 2018 is reflecting the boom in the property sector and has set a new record: 2,095 international companies, cities and regions exhibited here” stated Klaus Dittrich, Chairman and CEO of Messe München, re-affirming that this year’s Property and Investment International Trade Fair was a great success.