NNDKP assisted CTP in acquiring Globalworth’s fully owned logistics portfolio
May, 2024 - Bucharest, Romania
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), in acquiring the logistics portfolio fully owned by Globalworth, the largest office investor in CEE, with leading positions in Romania and Poland.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania, including Bucharest, Arad, Pitești, Oradea and Timișoara.
Following this acquisition CTP unlocks new opportunities for development in Western Romania, while Globalworth strengthens its focus on the office segment, leveraging their expertise and market advantage.
”The transaction represents a milestone for the local logistics sector, and a great example of the successful collaboration between two key players on the Romanian real estate market. We are grateful for the opportunity to assist CTP, our esteemed long-standing client, in yet another successful real estate transaction on the local market. This deal not only strengthens CTP’s position in the logistics sector in the CEE region, but also on the Romanian real estate market. Congratulations to CTP on this new achievement and thank you for your unwavering trust over the years ”, said Lavinia Ioniță-Rasmussen, Partner at NNDKP.
NNDKP has been involved in all stages of the transaction, providing assistance both in the due diligence phase as well as in relation to the structuring, preparation and negotiation of the transaction documents.
The NNDKP team involved in this transaction included Lavinia Ioniță-Rasmussen, Partner, Vlad Tanase, Partner, Flavia Petcu, Senior Associate, and Iulian Ursache, Bianca Isache and Mara Pieleanu, Associates, from our Real Estate practice, and was supported by lawyers from other relevant areas of practice.
NNDKP’s real estate team consistently advises major players in the market on some of the largest and most complex deals across asset classes, having contributed to the evolution of the real estate sector in Romania. With a strong portfolio of successful closed transactions, the team is recognized as a market leader and an advisor of choice for high-calibre clients.
With more than 30 years of experience in the market, NNDKP lawyers provide integrated and specialised assistance in all areas of law involved in transactions and regulatory projects, helping to identify bespoke solutions and strategies for each client.
