Reff & Associates assisted MAS Real Estate in the acquisition of a portfolio developed by Prime Kapital
11 March 2019
The Reff & Associates team, coordinated by Andrei Burz-Pînzaru, Managing Partner, and Irina Dimitriu, Partner, has assisted MAS Real Estate in the acquisition and the financing thereof of a portfolio comprising of nine commercial centers developed by Prime Kapital. With a value of 113 million EUR, this transaction is the largest one disclosed this year in real estate.
“We are happy to continue the collaboration with MAS Real Estate on this very challenging project, both from the perspective of the structure of the transaction, as well as its tight deadlines. We thank MAS Real Estate for the constant trust placed in us in representing their interests on the Romanian real estate market. I congratulate them for a new successful acquisition”, stated Andrei Burz-Pînzaru, Managing Partner at Reff & Associates, member of Deloitte Legal network.
“We are thrilled to have successfully finalized this project that, besides the complexity of the transaction per se, has tested our strength, endurance and capacity to work under harsh time constraints. We have achieved a new record concerning the promptitude of concluding a transaction, by finalizing the due diligence analysis for all nine (operational) commercial centers, as well as negotiating the transaction documents, in a period of about three weeks. I thank the entire team of lawyers at Reff & Associates for their dedication throughout the project”, says Irina Dimitriu, Partner with Reff & Associates and Head of the Real Estate department.
The project team, coordinated by Andrei Burz-Pînzaru and Irina Dimitriu, included Simona Iacob, Senior Managing Associate, and Ioana Georgescu, Senior Associate, who covered the real estate aspects, together with Alina Tihan, Senior Managing Associate, and Diana Rotaru, Associate, on the financing work.
With a team of over 70 lawyers, Reff & Associates is a leading law firm in Romania and one of the most active in assisting clients in complex M&A transactions, real estate, banking financing and transactions with loans portfolios. The firm represents in Romania Deloitte Legal, a global network with more than 2,500 lawyers in 85 countries.