NNDKP Assisted CTP in Acquiring Globalworth’s Fully Owned Logistics Portfolio
NNDKP Assisted CTP in Acquiring Globalworth’s Fully Owned Logistics Portfolio
May 2024
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, Pitesti, Oradea and Timisoara.
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.
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 Ionita-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.
May 2024
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, Pitesti, Oradea and Timisoara.
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.
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 Ionita-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.
