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Real Estate

We offer the benefit of longstanding experience in the real estate market, having advised on some of the biggest logistics, office and retail transactions in Central and South Eastern Europe to date. In an increasingly active property market, we can advise you on complex cross-border property portfolio sales and acquisitions across the region and we can provide industry-specific advice such as leasing agenda, construction and development projects and construction litigation.

Whether you are in the logistics, retail, office, residential, hotels, infrastructure, renewable energy or student accommodation sectors, we have the specialists to help. The breadth of our experience in Romania, from major acquisitions, planning and development, through to leasing, asset management and disposals, and our deep technical skills in the sector, mean that our clients rely on us to help them with their large-scale and complex transactions and projects in Romania – and beyond.

CMS is a strong player in the region and ‘handles all queries professionally’.
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Through decades of experience of doing deals across Europe, our multi-jurisdictional teams adhere to the same templates, processes and standards, including project management. This means we can deploy specialist teams to advise you immediately, irrespective of where the real estate assets are.

If you are launching or operating a real estate fund or setting up a real estate related joint venture, our funds and corporate experts can give you country-specific support. This approach allows us to guide your tax, planning, debt financing, construction and management issues in addition to your traditional real estate portfolio and property management work.


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14/09/2021
Le­gis­lat­ive frame­works to com­bat il­li­cit trade in med­ic­al products in Ro­mania
1. What le­gis­lat­ive frame­work is there to com­bat il­li­cit trad­ing and oth­er il­leg­al activ­it­ies in coun­ter­feited/fals­i­fied/di­ver­ted medi­cines in your jur­is­dic­tion? The Ro­mani­an Crim­in­al Code crim­in­al­ises...
Comparable
31/08/2021
Re­ima­gin­ing Trans­port: Hy­dro­gen Trains
In the first in our Re­ima­gin­ing Trans­port series, we look at the po­ten­tial for hy­dro­gen powered trains to be­come a part of the rail net­work’s move to net-zero. Already in op­er­a­tion in se­lect rail lines...
23/07/2021
Fit for 55: A new cli­mate pack­age
On 14 Ju­ly 2021, the European Com­mis­sion pub­lished the largest le­gis­lat­ive pack­age re­lated to the cli­mate and en­ergy: “Fit for 55”. The main as­sump­tion of the new pack­age is a re­duc­tion of 55% in...
01/06/2021
Some leaks can­'t be fixed
“Con­fid­en­tial in­form­a­tion is like an ice cube... give it to the party who has no re­fri­ger­at­or or will not agree to keep it in one, and by the time of the tri­al you have just a pool of wa­ter.” This...
29/04/2021
CEE Green­field Guide
CEE coun­tries have at­trac­ted sig­ni­fic­ant for­eign dir­ect in­vest­ment in green­field op­er­a­tions in re­cent years. In­deed, many man­u­fac­tur­ing busi­nesses have fo­cused on ex­pand­ing ca­pa­city in CEE coun­tries...
28/04/2021
Chal­len­ging bond calls on in­ter­na­tion­al pro­jects: Eng­lish courts vs Emer­gency...
A re­cent de­cision of the Eng­lish Com­mer­cial Court has re­fused an ap­plic­a­tion for an in­junc­tion re­quir­ing a be­ne­fi­ciary un­der an on-de­mand bond to with­draw its de­mand and re­frain from mak­ing fur­ther de­mands...
06/04/2021
EU is­sues draft of Di­git­al Mar­kets Act aimed at cre­at­ing a new and fair...
The European Com­mis­sion has pub­lished a draft pro­pos­al for a new com­pet­i­tion law frame­work for large on­line plat­forms, called the Di­git­al Mar­kets Act (DMA). The Com­mis­sion pro­posed the DMA due to the...
24/03/2021
Care homes in Ro­mania
1. Which laws ap­ply to open­ing care homes? The main reg­u­la­tions are in Law 17/2000 on So­cial As­sist­ance for the Eld­erly and Law 197/2012 on Se­cur­ing Qual­ity in So­cial Ser­vices. An im­port­ant reg­u­la­tion...
Comparable
11/03/2021
Leg­al­ity of Bucharest's sus­pen­sion of dis­trict zon­ing plans drawn in­to...
The Gen­er­al Coun­cil of Bucharest passed five de­cisions to sus­pend the co­ordin­a­tion of the zon­ing plans (Dis­trict PUZs) of five of the six dis­tricts of Bucharest for one year (i.e. un­til 26 Feb­ru­ary 2022)...
09/02/2021
BAT con­clu­sions for large com­bus­tion plants an­nulled – What next?
On 27 Janu­ary 2021 the Gen­er­al Court of the European Uni­on de­clared the so-called BAT con­clu­sions for large com­bus­tion plants an­nulled. It is worth con­sid­er­ing what this rul­ing really means and what it...
01/02/2021
Elec­tron­ic sig­na­tures in real es­tate doc­u­ments in Ro­mania
1. Which doc­u­ments can use an elec­tron­ic sig­na­ture and take leg­al ef­fect? Gen­er­ally, doc­u­ments that do not re­quire not­ar­iz­a­tion and/or re­gis­tra­tion with the Ro­mani­an Land Re­gistry can be signed elec­tron­ic­ally...
14/01/2021
The rise of the glob­al ex­pert ser­vices prac­tice: Court of Ap­peal guid­ance...
A Court of Ap­peal de­cision earli­er this week has up­held an in­junc­tion gran­ted by the TCC pre­vent­ing an in­ter­na­tion­al ex­pert ser­vices firm from act­ing for more than one party to an in­ter­na­tion­al con­struc­tion...