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Musat & Asociatii Advises Catted on Sale of Logistics Park to Globalworth

Musat & Asociatii Advises Catter on Sale of Logistics Park to Globalworth

Romania
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Musat & Asociatii has advised Catted on the sale of the logistics park Business Park Chitila and a further 45,000 square meters of land to real estate developer Globalworth.

Catted is a Romanian logistics and warehousing company. Business Park Chitila has a total leasable area of 7,000 square meters. Globalworth is a real estate investment company.

According to Globalworth, this is the first step of a "strategic partnership with Catted for the light industry and logistics area, mainly focused on the small business units segment. The partnership, with Globalworth as the majority shareholder, initially involves the acquisition of land of approximately 45,000 square meters in Stefanesti, ideal for a logistics development, as well as the takeover of a small business units logistics project previously developed by Catted in Chitila."

According to Musat & Asociatii, “with this strategic partnership, Catted and Globalworth aim to strengthen their offering for small and medium-sized businesses who look for tailored, modern warehousing solutions and small leasable business units, by developing on the newly acquired land a new logistics park with three industrial facilities with a total leasable area of 18,000 square meters.”

Musat & Asociatii’s team included Partner Monia Dobrescu, Managing Associate Madalina Trifan, and Senior Associate Cristian Cepesi.

Musat & Asociatii could not provide additional information on the deal.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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