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. 

Legal counsel to:

  • Local Real Estate Investor – assistance in the sale of 12 hypermarkets and shopping galleries to French retailer Auchan
  • one of the largest real estate investment funds in Romania – acquisition of 40,300 sqm GLA Promenada Mall from Raifeissen Evolution; Deal value: over EUR 148 million
  • the Romanian branch of a world-recognized furniture retailer and manufacturer – Exclusive legal adviser on ongoing commercial matters an permanent legal adviser on real estate related matters
  • one of the largest real estate investment funds in Romania – in the acquisition of the class A – office complex Lakeview; Deal value: over EUR 61.7 million
  • one of the largest Romanian construction companies – advising on the sale of Unicredit Headquarters Building, a landmark, class-A office property, which has deceived a BREEAM “VERY GOOD” certification and has been ranked in the top 30 most architecturally impressive bank headquarter buildings worldwide
  • Multinational Retail Chain – legal adviser in realtion to performance and negotiation of contracts for work
  • one of the largest real estate investment funds in Romania – legal adviser in the complex acquisition of the class A office complex Business City Center, located in Timisoara; Deal value: over 90 million EUR
  • one of the main logistics players – assistance on selling a logistics center; Deal Value: over 60 million EUR
  • one of the largest real estate investment funds in Romania in the acquisition of City Park Constanta; Deal value: over EUR 81 million
  • one of the largest real estate investment funds in Romania in the complex acquisition of 70% of a 51,000 sqm plot of land, located in Bucharest for developing a shopping center of approx. 70,000 sqm GLA; Deal value: EUR 150 million
  • Leading automotive supplier in the acquisition and construction of the second production facility in Sibiu, Romania; Deal value: several millions

Opinion 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.

The best real estate consulting team on the market, combining extensive experience with a commercial focus, enthusiasm, and innovative ideas.

Legal 500, 2025

Their profound expertise in real estate law and company regulations is nothing short of impeccable, making them an invaluable partner in navigating complex transactions. The team consistently demonstrates a commitment to excellence, providing astute legal insights that inspire confidence.

Legal 500, 2025

The team provides to-the-point, prompt and accurate advice. It also has excellent communication skills.

Chambers Europe Guide 2025