Law firm Kinstellar has advised Globalworth on the sale of a part of its logistics portfolio to CTP. The deal was signed in March 2024 and the closing was recorded in the next month.
This transaction is the largest real estate deal in Romania in 2024 so far. The portfolio comprises almost fully-let logistics and light-industrial facilities in Chitila and Afumați (near Bucharest), Oarja (near Pitești), Giarmata (near Timișoara), Oradea and Arad.
Kinstellar advised on all transactional matters, including drafting, negotiation and execution of the transaction documents, as well as all ancillary matters.
“We are all thrilled for our client. After much work and marathon negotiating sessions, this deal got across the line! My deepest gratitude goes out to the teams on both sides for a focused effort,” said Victor Constantinescu, Bucharest Managing Partner and Head of Real Estate at Kinstellar.
Constantinescu worked on the deal alongside Counsel Cătălin Dinu and Special Counsel Claudia Popescu.
