CMS advises M Core Group on the acquisition of the Strip Malls Portfolio in Romania from MAS Plc

CMS has advised leading UK-based collective of property investment and management companies M Core Group on the acquisition of the strip malls portfolio in Romania from MAS P.L.C., as well as on the acquisition financing.

The portfolio includes seven properties located in Slobozia, Focsani, Ramnicu Sarat, Targu Secuiesc, Sebes, Fagaras and Gheorgheni, with a total GLA of approximately 32,000 sq. m and strategically positioned in densely populated areas. National and international tenants include JYSK, Pepco, C&A, CCC, Deichmann, Sinsay, Altex, KFC, McDonald’s, and more.

CMS has advised on all aspects of the transaction, including legal and tax due diligence, negotiation, all financing aspects, signing, and closing. The key members of the transaction include LCP, Sheet Anchor, Proudreed, Evolve and Square 7 as local partner for Romanian portfolio.

Partner and Head of Real Estate & Construction at CMS Romania, Roxana Fratila, said: “We are delighted to have advised M Core on yet another significant acquisition in the country. With this transaction, CMS reconfirms its position as the go-to retail law firm on the market. We were able to combine our retail sector expertise with our strong connection with M Core to close this deal successfully.”

Corporate M&A Senior Counsel at CMS Romania, Mircea Moraru, added: “The Romanian retail sector continues to attract considerable investments. The firm was able to assist M Core on another successful deal, highlighting CMS’ ability to provide seamless, multidisciplinary legal and tax support throughout all stages of the transaction.

CMS’ advice on the transaction was led by Real Estate partner Roxana Fratila and Corporate M&A senior counsel Mircea Moraru, with support from tax director Andrei Tercu (Tax), senior associate Oana Mina and associate Aura Marina (Real Estate), and senior counsel Claudia Nagy (FDI). The CMS finance team was coordinated by Ana Radnev, partner, and Alina Tihan, senior counsel, with invaluable support from associates Bianca Radu and Florian Pacalici and lawyer Radu Dragan.

About CMS

Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With 85 offices in 48 countries across the world and more than 6,300 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate / M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate.