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Portrait ofRoxana Fratila

Roxana Fratila

Head of Real Estate & Construction

CMS Cameron McKenna Nabarro Olswang LLP SCP
One Tower
165 Calea Floreasca
12th–14th floors
District 1
014459 Bucharest
Languages English, Romanian

Roxana Fratila is a partner and head of Real Estate and Construction in Romania and has over fifteen years’ experience advising international clients with focus on real estate matters.  She has worked on some of the most high-profile real estate transactions in Romania in recent years.  Clients cited in Chambers Europe described Roxana as "clear and highly effective in her advice" and "a deal-driver with a very good understanding of the business."

Roxana has advised on the acquisition and financing of numerous shopping centres & office developments in both Romania and across the region, as well as supported numerous investors and developers in the energy and climate change and agriculture sectors.  Her practice spans the coordination of numerous due diligence investigations, acquisitions of all range of properties, concessions, building contracts, joint ventures, design agreements, institutional lease agreements and project financing.  She also has a special focus on environmental and renewable energy matters. 

Roxana is an active member of pan-regional industry sector working groups – in particular the CEE Hotels and Leisure group, as well as the CMS Energy & Climate Change group.  Prior to joining CMS, Roxana was a Senior Associate at one of the largest Romanian law firms, and before that she worked at the associated law firm of Ernst & Young.  

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Memberships & Roles

  • Member of the Bucharest Bar Association.
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  • Practical Law (Thompson Reuters) – ‘Commercial Real Estate in Romania: Overview’
  • The International Comparative Legal Guide to  Environment & Climate Change Law – Romania chapter (2012 and 2013)
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  • 2006 - LLM in Community Law, University of Bucharest, Romania
  • 2001 - BA in Law, University of Bucharest, Romania
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CMS advises M Core on EUR 219 million acquisition of 25 retail parks in...
International law firm CMS has advised L&C Properties, part of M Core, one of the UK’s largest, privately held commercial property collectives with combined assets in excess of  EUR 6 billion, on its...
CMS advises Ahold Delhaize on the landmark acquisition of Profi Rom Food...
International law firm CMS has advised Ahold Delhaize (“Ahold Delhaize”) on its agreement to acquire leading Romanian grocery retailer Profi Rom Food S.R.L. (“Profi”) from MidEuropa, in a transaction...
Real estate transaction costs and taxes in Romania
1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost N/A VAT N/A 1.2 Utility search (each service) Cost N/A VAT N/A 1.3 Land registry search (per search) Cost Approx...
Surprising move for the developers – the Bucharest Tribunal restores Bucharest...
After the Centre for Sustainable Policies Ecopolis petitioned the court in April 2022 for the annulment of the District 2 and District 4 zoning plans (zonal urban plans or PUZs), on 28 February 2023 the...
Bucharest Tribunal rules against the city's main zoning plan
On 24 June 2022, the Bucharest Tribunal, as the initial court, ruled for the cancellation of Bucharest’s general zoning plan (Planul Urbanistic General or PUG), which is the main zoning document of...
Reimagining CEE: Following the green line – the green mortgage
Welcome to the next edition of our ‘Reimagining CEE’ series, regular Law-Now e-alerts discussing ESG-related updates with a particular focus on the impact on businesses across Central and Eastern...
Recent work highlights Planning and environmental Advised Alpla Germany on the buy-side acquisition of site factory near Bucharest, including due diligence, advising on environmental and permitting, drafting and extensive negotiation of property sale agreements, call option and lease back structures, ancillary documentation. Construction and development Advised Iulius Group in the negotiation of a venture and ancillary agreements regarding a large area in the Expozitiei Blvd. in view of a mixed-use of­fice/res­id­en­tial/leis­ure development. Investment and disposal Advised AFI Europe on its over €300m acquisition of four Class A office projects in Romania, the largest real estate transaction ever concluded on the Romanian office market and one of the biggest in CEE. Advised Genagricola Foreste (part of Generali Group) on the acquisition of over 1,700 hectares of forestry land in Romania.Advised Accor (world-leading multinational hospitality company) in a cross-border deal for the restructuring of the hard assets /light assets businesses of Orbis SA and Accor SA in Czech Republic, Hungary & Romania.Advised Accor on the acquisition in Romania of Hotel Mercure Unirii. Managers and occupiers Advised a global e-commerce/tech giant company with its expansion of office premises in Romania and negotiation of their lease agreements into over 10,000m². Financing Advised a syndicate of lenders including Erste Group Bank AG, Raiffeisen Bank International AG and Banca Comercială Română S.A. on the €300m refinancing of Cotroceni Park S.A., member of the Africa Israel Properties Group and owner of AFI Palace Cotroceni shopping center, the largest mall in Romania. 
CMS Expert Guide to European care homes
The world is getting older by the minute.According to the the 2021 Ageing Report of the EU, the old-age dependency ratio in the EU’s demographic old-age dependency ratio (i.e. the ratio between people...
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)...
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...
CMS advises Erste Group Bank AG on €100m Floreasca Park acquisition financing
International law firm CMS has advised Erste Group Bank AG on the financing of the acquisition of the Floreasca Park Office Project by a joint venture between Resolution Property, a UK-based member of...
Romania introduces restrictions on sale and purchase of agricultural land
On 14 August, Romanian lawmakers passed an amendment to Law 17/2014 on the sale and purchase of agricultural land, imposing significant restrictions on the sale and purchase of extra muros agricultural...