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Kinstellar Advises Max Aicher Group on Sale of 23-Hectare CUG-Site Property in Cluj-Napoca

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Kinstellar has advised the Max Aicher Group on the sale of a property within the former Combinatul de Utilaj Greu industrial estate in Cluj-Napoca, Romania, to local developer Hexagon Group. Popovici, Nitu, Stoica si Asociatii reportedly advised Hexagon Group.

According to Kinstellar, the asset comprises approximately 23 hectares of industrial land held through a special purpose vehicle of Max Aicher Group. Hexagon Group plans to redevelop the site into a modern mixed-use project.

The Kinstellar team included Partner Rusandra Sandu, Managing Associates Iunia Nagy and Andrei Balus, and Associate Malina Andries.

Editor's Note: After this article was published, PNSA confirmed it advised Hexagon Group. The firm's team included Managing Partner Florian Nitu, Partner Mihaela Ion, Counsel Adrian Nica, Managing Associates Ana Maria Popa, Laura Ambrozie, Vanessa Nistor, and Camelia Constantin, and Associate Cristina Anderco.

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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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