NNDKP has assisted Globalworth, the largest office investor in Romania and Poland, in the transaction targeting the partnership with Global Vision, one of the largest construction and industrial parks management company in Romania in the development of a logistic project in Chitila (Ilfov County) on a 136.000-sqm land.
The logistics project will be built on an investment of EUR 35.5 million. Moreover, the project also marks the launching of the Global Logistics brand, a platform that incorporates all the industrial and logistics Globalworth projects.
Ioana Niculeasa, Partner and head of the Real Estate practice, led the NNDKP team, which consisted of Ioana Grigoriu, Managing Associate (Real Estate), and Adriana Zamfirescu, Associate (Real Estate). The legal assistance services provided to the client addressed all aspects specific to a real estate transaction. The team also benefited from the support of Georgeta Dinu, Partner and head of the Competition, State Aid and EU Law practices, and of Anca Pascu, Associate (Competition, State Aid, EU Law practices) whose contribution centered on the competition aspects of the transaction.
Ioana Niculeasa: “Logistics projects represent an ever increasing share of the real estate market in Romania. We expect such developments to continue in a sustained flow in the future. In addition, the prospect of working with Globalworth on these types of projects – partnerships for the development of industrial parks – honors and motivates us to bring our contribution and expertise to the expansion of this segment.”
Mihai Zaharia, Director of Investments and Capital Markets, Globalworth: “The Romanian logistics market has increased annually and is becoming more and more attractive and competitive. We have followed this development thoroughly and analyzed the investment opportunities on this market, and in 2019, we decided to strengthen our position on the industrial and logistics segment. We launched the Global Logistics brand, which will incorporate all our logistics projects, and the Chitila project is a stepping-stone in the continued development of our portfolio. NNDKP is a traditional partner for us, who has been assisting us in key projects throughout the years, and we are very pleased to see the results of our joint efforts in this transaction.”