Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided legal assistance to the Dutch financial holding Forum Serdika, owned by the British investment fund East Balkan Properties plc, in the sale of its industrial park Equest Logistic to CTP, the real estate developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe. The transaction was signed in March 2020 for a value of approximately EUR 30 million
GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (“Maximus”) from funds managed by affiliates of Apollo Global Management, a leading global alternative investment manager, for a net consideration of approx. €950 million.
In one of the most important industrial & logistic land transactions in Romania year to date in 2019 Afin Holding acquired Aries Logistic Park in Turda, located near Cluj-Napoca, one of Romania’s most successful regional cities, for an undisclosed amount.
Belgian industrial and logistics developer WdP, one of the largest players in the Romanian market, buys the CTPark Cluj I logistics park from CTP Group, the largest developer and manager of Class A logistic and industrial spaces Romania.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, registered the fastest development pace in 2017, since it entered the Romanian market. CTP expanded its portfolio in the country and in the vicinity of Bucharest where they own three properties: CTPark Bucharest, CTPark Bucharest West and CTPark Bucharest North (former Chitila Logistic Park). One of the most important purchases near the capital is, next to Chitila Logistic Park, Phoenix Logistics Center, that was bought with approximately 7 million euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V., in the second quarter of 2017.
Belgian entrepreneur Carl Decoopman, one of the most important real estate investors in Romania in the boom period, one of the three shareholders of the real estate developer BelRom, has recently sold a logistics park of 6.7 hectares in Miercurea Sibiului.
The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer which went insolvent in 2013 for debts of 114 million lei (EUR 26 million), mostly owed to Volksbank, writes Mediafax.
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