Deal News

bpv GRIGORESCU STEFANICA advised HORNBACH on site acquisition and development of its newest DIY store in Cluj-Napoca

The real estate team of bpv Grigorescu Stefanica advised international DIY group HORNBACH in connection with the development of its latest mega-store in Cluj-Napoca, Romania. The store will open on 15 July 2021 and is Hornbach’s eighth retail DIY outlet in Romania, with an area of about 23,000 sqm, developed on a plot of 4.1 ha.

The team of bpv Grigorescu Stefanica was led by partner Anca Albulescu and included managing associate Nicolae Ursu and associate Diana Radu. This is the fourth Hornbach store development that this team advises on, after the stores in Sibiu, Timisoara and Oradea. bpv Grigorescu Ștefănică team constantly advises Hornbach on its real estate developments and also advises Hornbach chain of stores on various other legal issues on corporate, commercial and compliance matters related to its commercial operations.

 

“We are honoured by the continuous trust Hornbach places in our team and are privileged to accompany them in the most important phase of their expansion in the Romanian market”, says Anca Albulescu.

The real estate team of bpv Grigorescu Stefanica advises on all types of commercial and residential projects and transactions.

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