Popovici Nițu & Asociații advises Siena Group on taking control of Iasi City Center SA

Siena Group has been advised by Popovici Nițu & Asociații on taking entire control of Iasi City Center SA, a real-estate company set up in view of developing a major office and logistics project in Iasi.

Iasi City Center SA was one of the initial investments in Romania made by Romanian Real Estate Partners BV, an investment vehicle of US and Spanish investment funds.

The complex transaction allowing Siena Group to take entire control of Iasi City Center SA was conducted within the reorganisation procedures of Romanian Real-Estate BV and involved concerted efforts over more than half a year in several jurisdictions.

The Popovici Nițu & Asociații team advising Siena Group was led by managing associate Serban Patriciu. Romanian Real Estate Partners BV was advised by CMS Amsterdam.