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PeliPartners and CMS Advise on Mitiska REIM Sale of 25 Retail Parks in Romania to LCP Group

PeliPartners and CMS Advise on Mitiska REIM Sale of 25 Retail Parks in Romania to LCP Group

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PeliPartners has advised Mitiska REIM on the sale of 25 retail parks in Romania to the LCP Group, part of M Core Property, for EUR 219 million. CMS advised M Core Property.

According to Mitiska REIM, “this sale is one of the largest retail real estate transactions in Romania and more than doubles the original investment over an average holding period of five years for investors in the FRI and FRI 2 funds which owned the assets.”

The PeliPartners team included Partner Oana Badarau and Senior Associates Madalina Fildan and Delia Lepadatu.

The CMS team included Managing Partner Horea Popescu, Partner Roxana Fratila, Senior Counsel Laura Grigore, Counsels Mircea Moraru, Alina Tihan, and Claudia Laura Nagy, Senior Associates Alex Dumitrescu and Andrei Cristescu, and Lawyers Catalin Vasile, Eduard-Marian Roventa, Alexandru Virgil Trandafir, Bianca Banateanu, Florian-Gabriel Pacalici, and Amalia Podoleanu.

Editor's Note: This article was updated on December 12, 2023, to reflect the full composition of the CMS team.

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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