Stratulat Albulescu Attorneys at Law has advised Bog’Art Residential on the acquisition of 2 land plots located in the North of Bucharest. The plots totaling 6,500 sq.m., were purchased from OMV Petrom S.A. (part of OMV Group) with a view to be developed into a 130 apartment residential complex. Construction is due to start in the second half of this year, while delivery is expected around H1 2022.
The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat in the due diligence and pre-agreement phase and then by Partner Corneliu Popa on completion.