Filip & Company law firm provided legal advice to the Czech investment group Star Capital Finance in relation to the acquisition of two NEST retail parks in Romania, developed by RC Europe, in a transaction valued at nearly EUR 40 million.
The transaction marks SCF’s entry into the Romanian market—the fourth market in its portfolio after the Czech Republic, Poland, and Slovakia—and represents a new step in the group’s regional expansion in the retail park sector across Central and Eastern Europe.
The two properties, with a total leasable area of nearly 24,000 square meters, have been integrated into the SCF CROP portfolio, which specializes in investments in retail parks in the Central and Eastern European region.
“This transaction reflects the interest that regional investors have in the Romanian retail market and, in particular, in assets that boast solid commercial fundamentals and long-term growth potential. We continue to see strong demand for projects that offer stability, high occupancy rates, and good development prospects, and the retail park segment stands out for its strong performance in this context. We are pleased to have advised SCF on its first investment in Romania and thank them for their trust and for the excellent collaboration throughout the entire transaction”, said Ioana Roman, Partner and Head of the Real Estate Department at Filip & Company.
The Filip & Company team that advised SCF on this transaction was led by Ioana Roman (partner) and included Camelia Ianțuc (counsel), Alina Savastre (senior associate), Sandra Danciu (associate) and Alexandra Ionescu (associate).