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Wolf Theiss Advises Speedwell on SpacePlus Industrial Project in Romania

Wolf Theiss Advises Speedwell on SpacePlus Industrial Project in Romania

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Wolf Theiss has advised Speedwell on developing its first industrial project in Romania, located northwest of Bucharest.

According to Wolf Theiss, "SpacePlus is a new concept on the Romanian market and Speedwell’s first industrial project. The product offers high-quality standardized storage or production units to rent, for light industrial and/or logistical usage, fit for the needs of SMEs." The SpacePlus project is being developed in cooperation with Belgium's LCV Real Estate, part of Willy Naessens Group, and "the largest industrial contractor in Belgium with vast experience in developing warehouses for SMEs," the firm announced.

"Our long-term goal is to turn SpacePlus into a national network by developing new locations in Bucharest as well as in other cities in Romania," Speedwell CFO Natalia Sarpi commented. 

Speedwell is a property developer with a "significant portfolio of projects in Romania, including Record Park in Cluj-Napoca, The IVY, Triama Residence, Miro, The Meadows, CityZen, and SpacePlus in Bucharest, Paltim in Timisoara, and Riverside City in Ramnicu-Valcea,” Wolf Theiss reported.

The Wolf Theiss team included Partner Claudia Chiper, Senior Associate Alexandru Asaftei, and Associate Catalin Sabau.

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). 

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