NNDKP assisted CTP in the largest acquisition on the Romanian logistics market in 2020
NNDKP assisted CTP, the largest developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe in the transaction that involved the acquisition of a 95.000 sqm area of buildings from the Australian group, Cromwell Property.
“We are happy to have completed this acquisition, which was aimed at increasing CTP’s presence in the area of km 13, a key logistics location with direct access to the A1 highway. Once again, we have found in NNDKP a highly professional team whose contribution to the dynamics of the transaction was significant, and we are happy to have relied on their services”, mentioned Andreea Enescu, Transaction Manager CTP România, the coordinator of the transaction.
The NNDKP team involved in the transaction and due diligence process was coordinated by Lavinia Ioniță Rasmussen, Partner in the Real Estate practice and included Managing Associate, Ioana Grigoriu and Associates, Alexandru Domsa, Flavia Petcu and Adriana Stoica, all from the same practice area.
“Considering the current economic and social context, this major acquisition by CTP highlights the importance of a long-term strategic approach, based on key pillars such as innovation capacity, versatility and validation of the importance of human resources in a context that is continuously changing. We are glad that we had the opportunity to collaborate with CTP on a new transaction, which is aimed at expanding our client’s portfolio in Romania. We thank the CTP team for the trust they place in us with every transaction”, stated Lavinia Ioniță Rasmussen.
The NNDKP real estate team offers legal assistance in all types of projects involving real estate law matters for the office, industrial / logistics, residential, retail or hospitality sectors. During the past 10 years alone, the team advised investors, developers, property managers, banks in relation to projects in Romania worth an estimate EUR 3.9 billion.