July 2023 – Kinstellar is delighted to announce that it has advised SFC Solutions Automotive Romania, a leading automotive-parts producer, on the sale-and-leaseback transaction of an industrial site, to the Belgian logistics property developer, WDP Romania.
The facility is situated in Arges county, in an established automotive production cluster centered around Dacia Renault's production facilities. The facility has a gross lettable area of ca. 20,000 sqm and will be rented by the seller under a long-term lease.
Our team's work on the matter included assistance on all due diligence matters, negotiations and finalization of all transaction documents.
Victor Constantinescu, Managing Partner of the Bucharest office and Head of its real estate practice, noted: "The people at SFC are truly professional and great to work with, and have a very successful facility in Romania. We love doing deals for great people doing great things. We are grateful for having been able to assist in what is certainly one of the leading industrial transactions on the market. Congratulations to all parties involved!"
The Bucharest team was led by Managing Partner Victor Constantinescu, Rena Saftencu (Associate) and Adelina Seserman (Senior Associate), with the support of Iustinian Captariu (Partner), Catalin Graure (Managing Associate), and Magdalena Raducanu (Special Counsel).