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Reff & Associates Advises Studium Green on Acquisition of 100 Buildings in Romania

Reff & Associates Advises Studium Green on Acquisition of 100 Buildings in Romania

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Deloitte Legal’s Reff & Associates has advised Studium Green on the acquisition of a portfolio of 100 buildings and properties from Immobiliare Italo Romena, a subsidiary of the former Italian bank Veneto Banca. Antico & Partners reportedly advised Immobiliare Italo Romena on the deal.

Studium Green is a real estate developer from Cluj owned by businessman Dorin Bob.

According to Reff & Associates, “the acquired portfolio includes more than 100 varied real estate assets, including office and residential buildings, agricultural land, hotels and pensions, located throughout Romania, but mainly in Bucharest, Cluj-Napoca, and Oradea. The transaction was signed in August 2021 and the transfer of the first phase properties has been finalized in February 2022, while the remaining properties will be transferred by the end of this year. The 100 assets taken over from Immobiliare Italo Romena will be added to the existing portfolio of Studium Green, which includes real estate projects such as Wings, West Side Park, and Seasons located in Cluj-Napoca.”

"I am particularly pleased with the acquisition of this portfolio of assets which were blocked for so many years due to the legal and financial situation of the Veneto Group,” commented Bob. "The active re-introduction of these assets to the economic circuit will now provide local investors with valuable opportunities to develop a range of productive projects in many varied sectors."

Reff & Associates’s team included Partner Irina Dimitriu, Senior Managing Associate Larisa Popoviciu, and Managing Associate Maria Nitulescu.

Romanian Knowledge Partner

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). 

Firm's website.

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