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Wolf Theiss Advises Smartown Investments on Acquisition of Swan Office & Technology Park

Wolf Theiss Advises Smartown Investments on Acquisition of Swan Office & Technology Park

Romania
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Wolf Theiss has confirmed that it advised Smartown Investments on its EUR 30.3 million acquisition of the Swan Office & Technology Park in Bucharest from Casa de Insolventa Transilvania (CITR), the bankruptcy administrator for Swan Property.

According to the activity report of CITR, it had promoted the office project to more than 150 investors in Romania and abroad, as well as to clients in the Swan Property portfolio.

Swan Office & Technology Park — a complex of three buildings located in the Pipera-Tunari district of Bucharest — declared bankruptcy in 2013. The current occupancy of the complex is reported to be over 70%, and it has a leasable area of 29,124 square meters and a land plot of 5,000 square meters for future developments.  

The Wolf Theiss team was led by Partner Ciprian Glodeanu, who reports that CITR was not represented by outside counsel in this particular transaction.

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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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