The transaction was brokered by RTPR Allen&Overy and the team of lawyers who assisted ING included Alexandru Retevoescu (Partner), Ianita Țui (Counsel) and Cristi Porojanu (Associate), together with lawyers specializing in finance, litigation and arbitration.
ING Tech has reached a team of 600 people and keeps recruiting some 100 IT experts per year, being set to reach 800 employees at the end of 2020. The developer of the building will be integrating ING Tech requirements even from the design phase. The project is due for completion at the end of 2020.
The transaction represents the second collaboration in the real estate sector between RTPR Allen & Overy and ING Group. RTPR Allen & Overy has recently assisted ING Group within a transaction for the lease of a new office space within Expo Business Park, which will host the bank’s central headquarters.