The portfolio includes seven properties located in Slobozia, Focsani, Ramnicu Sarat, Targu Secuiesc, Sebes, Fagaras and Gheorgheni, with a total gross lettable area of approximately 32,000 square meters and strategically positioned in densely populated areas. National and international tenants include JYSK, Pepco, C&A, CCC, Deichmann, Sinsay, Altex, KFC, McDonald’s, and more.
“With this transaction, CMS reconfirms its position as the go-to retail law firm on the market. We were able to combine our retail sector expertise with our strong connection with M Core to close this deal successfully,” said CMS Romania’s Partner and Head of Real Estate & Construction Roxana Fratila.
CMS advised on all aspects of the transaction, including legal and tax due diligence, negotiation, all financing aspects, signing, and closing. The key members of the transaction include LCP, Sheet Anchor, Proudreed, Evolve and Square 7 as local partner for Romanian portfolio.
“The Romanian retail sector continues to attract considerable investments. The firm was able to assist M Core on another successful deal, highlighting CMS’ ability to provide seamless, multidisciplinary legal and tax support throughout all stages of the transaction,” CMS Romania’s Corporate M&A Senior Counsel Mircea Moraru added.
CMS’ advice on the transaction was led by Real Estate partner Roxana Fratila and Corporate M&A senior counsel Mircea Moraru, with support from tax director Andrei Tercu (Tax), senior associate Oana Mina and associate Aura Marina (Real Estate), and senior counsel Claudia Nagy (FDI). The CMS finance team was coordinated by Ana Radnev, partner, and Alina Tihan, senior counsel, with invaluable support from associates Bianca Radu and Florian Pacalici and lawyer Radu Dragan.
(English version by Loredana Fratila-Cristescu)