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Biris Goran and Noerr Advise on Sale of Coresi Business Park in Romania

Biris Goran and Noerr Advise on Sale of Coresi Business Park in Romania

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Biris Goran has assisted Swiss investor Philippe Jacobs and the Ibitol Group with the sale of Coresi Business Park to Immochan via a share deal. The buyers were advised by Noerr on the transaction, and financial details were not disclosed.

The business park is located in Brasov on the site of the former Tractorul factory and consists of four refurbished buildings and three buildings developed in the last two years, with a total leasable area of 40,000 square meters. The business park is part of the Coresi project developed by Immochan, which includes a shopping center and a residential area. The office buildings have tenants such as IBM, Raiffeisen Bank, IQuest, and Tata Technologies. 

The Biris Goran team was headed by Managing Partner Gabriel Biris and Senior Associate Mariana Signeanu.

The Noerr team was led by Associated Partner Roxana Dudau and Senior Associate Magdalena Lupoi, supported by Senior Associate Diana Rizea and Associate Alexandru Dan.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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