Real Estate

Reff & Associates brings together teams with diverse experience and knowledge to provide customized solutions for clients across the full spectrum of the real estate community.

Our specialists provide assistance for transaction support, structuring of real estate transactions, title verifications, title insurance land utilization, zoning, administrative regulations, investment vehicles, acquisition and disposals, mortgages and others.

Transaction assistance

Straight forward and complex transactions, portfolio acquisitions, forward purchase agreements, sale and lease back, joint ventures and partnerships, real estate private equity fund investments in commercial, industrial, retail, residential and green energy projects including - legal assistance in all stages of the deal.

Structuring the transaction

Design and implement the structure of the transaction In accordance with the Client's objectives and specifics of each transaction.

Pre-contractual documentation

Letter of intent, memorandum of understanding, heads of terms, term sheet, promissory sale and purchase agreement.

Due diligence

Investigations of the target's legal affairs (in the case of share deals) or mainly the property (asset deals), with emphasis on specific areas, such as; ownership title, ownership history, encumbrances and litigation; different levels of details, from descriptive reports to highlighting of findings; analysis of findings and assessment or their impact on transactions, design and implementation of solutions to findings, including revisiting the deal structure.

Transaction documentation

Our professionals are experienced in drafting, revising and negotiating share/asset purchase agreements and joint venture agreements in accordance with the applicable market best practices in Romania and aim to customize the documentation in accordance with the particularities of the commercial structure and the property in order to provide a suitable transaction Instrument as well as to address the issues identified during the due diligence process (including potential findings revealed by the technical due diligence), this process implies negotiation of both business and legal matters.

Post-closing and transaction implementation documentation

Our team ensures that post-closing and transaction implementation is closely monitored and that all specific documentation necessary to assess such process is prepared and ready for execution (e.g. confirmations of fulfillment of condition precedents, takeover minutes, price statements, supervision of the registration procedures with the Land Book, etc.).

Title insurance

Depending upon the specificity of your project, the necessity may arise that a title insurance should be contracted. We have had significant exposure to such remedies in the field of title defects including both lender and owner policies and we have negotiated policies for assuring coverage from the perspective of the best practices in the area.

Construction assistance

Drafting, revising and negotiating construction agreements including all FIDIC-based agreements, in accordance with the applicable market best practices. Our services include claim preparation, pre-contractual and post-contractual assistance. 

  • Nepi – Buy-side transaction - City Business Centre Project (Timisoara), over EUR 90 mil
  • ISHO Project Timisoara – Land acquisition, structuring and project development, EUR 130 mil
  • Militari Shopping Center - Buy-side transaction, EUR 95 mil
  • The Office (Cluj Napoca) - Largest office transaction of the year 2019, Sell-side transaction, over EUR 120 mil
  • NEPI - Sale of an office buildings portfolio to AFI Europe, EUR 300 mil
  • MAS Real Estate – Buy-side of six shopping centres, EUR 320 mil
  • Metav Business Park – Buy-side and sell-side transaction
  • Expo Market Doraly – Sell-side transaction, EUR 90 mil
  • MAS Plc – Sale of six shopping centres to AFI Group, EUR 280 mil
  • IKEA Romania – Acquisition and development of IKEA stores
  • The Award for the largest transaction in industry, Ziarul Financiar, Lawyers`Gala Awards (2019)
  • Seven Awards for the most important real estate transaction of the year (2016, 2015, 2014, 2013, 2012, 2010, 2009) - Ziarul Financiar, Lawyers’ Gala Awards
  • “Law firm of the year” Award from CIJ (CEE Construction & Investment Journal) (2016)
  • The Award for the largest deal in Retail in Romania (sale of 12 Hypermarkets) – Ziarul Financiar, Lawyers’ Gala Awards 2015
  • Award for the most important real estate transaction of the year 2012 - Avocatnet, Avocatnet.ro Gala, 2013

Top Tier Firm - Legal 500, 2026 edition

Ranked Tier 1 for 7 consecutive years

“We particularly appreciated their ability to anticipate potential challenges in complex projects and to propose creative, business-oriented solutions that go beyond standard legal advice. Their negotiation skills and client-focused approach have proven decisive insensitive, high-value real estate deals." – Legal 500, 2026 edition

 "A team with exceptional experience in the real estate sector. They have a deep understanding of their clients’ commercial needs, are innovative, and respond very quickly." – Legal 500, 2026 edition

"What truly sets apart the real estate team we have worked with is their exceptional combination of expertise, responsiveness, and strategic vision. Unlike many competitors, they take the time to thoroughly understand not only the legal framework but also the commercial drivers and practical implications of each transaction." – Legal 500, 2026 edition

"We really appreciated working with the team led by Irina Dimitriu and Simona Iacob. Both are highly qualified, with deep knowledge and extensive experience in real estate matters, evident throughout the transaction. What stood out was their pragmatic, solution-oriented approach and ability to anticipate issues before they became obstacles. They combined technical excellence with a strong commercial understanding, always focused on advancing the deal efficiently." – Legal 500, 2026 edition

Ranked in Chambers Europe 2026

Ranked for 12 years in a row

“The real estate team provides high-quality, technically robust legal advice across multiple practice areas and jurisdictions.” – Chambers Europe, 2026

Real Estate Articles

Browse a collection of articles published by Reff & Associates attorneys in specialized magazines and websites.

Legal Alerts

Our Legal Alerts provide you with information on different legal issues in Romania.