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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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MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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