bpv GRIGORESCU STEFANICA advised Infineon Technology in relation to a EUR 57 million office lease agreement with One United Properties6 December 2023
bpv GRIGORESCU STEFANICA advised German company Infineon Technologies, a world leader in semiconductor design and manufacturing, in the negotiation of a EUR 57 million lease agreement with leading property development group One United Properties. The contract represents one of the largest office leases ever recorded in the local market.
The contract is for the turn-key delivery of a sustainable 20,950 sqm GLA office building for the German technology company. This first-class real estate project is to serve Infineon’s needs for a period of 15 years, starting in 2026.
Advising on this lease is part of the ongoing assistance provided by bpv GRIGORESCU STEFANICA to the German company Infineon Technologies, in strengthening its position on the Romanian market and in its continued expansion in Romania, including advising Infineon Technologies on the conclusion of other office space leases in Romania.
bpv GRIGORESCU STEFANICA’s team was involved in all stages of the negotiation of this contract and will continue to assist Infineon Technologies in all development stages of the project, providing legal assistance on the implementation of all contractual provisions related to the delivery of the turn-key project and the works required by Infineon Technologies in order to obtain LEED Platinum certification.
Our team included Anca Albulescu, Partner (Real Estate), Alina Tyelu, Managing Associate (Real Estate), Angelina Danaila, Associate (Real Estate).
“In the current context, the lease agreement between Infineon Technologies and One United Properties represents a unique opportunity in the Romanian office market. Our client’s decision shows the company’s continued trust in the potential of Romania to further grow high-tech semiconductor chip R&D activities.”, said Anca Albulescu, Partner, bpv GRIGORESCU STEFANICA .
“We value the long term collaboration with bpv GRIGORESCU STEFANICA and their legal advice in establishing the contract for this important project for Infineon in Romania”, said Guenter Krasser, Vice President and Managing Director of Infineon Romania.
The last year’s success of our Real Estate Transactions continues into 2023, which confirms to be an active year, with several running projects currently in various stages of completion. Recently, our team advised:
▸ Ringkjøbing Landbobank AS, a bank based in Denmark, in connection with the refinancing of a facility granted by Unicredit to Agro Cocora S.R.L. and with respect to the financing of Black Sea Farmland Aps;
▸ Beiersdorf Romania in connection with the eight-year lease agreement with CBRE;
▸ Hornbach on the sale of undeveloped land to various FMCG companies.