RTPR Allen & Overy advises ING on the lease for its new headquarters

RTPR Allen & Overy has advised ING Tech, the global software development hub of the ING group, on the lease of an office space with an area of 13,000 sqm for the new headquarters of the company. The space is located in Dacia One building, next to former Victoria Casino and is developed by Atenor Group.

The team of lawyers who assisted ING on this deal included Alexandru Retevoescu (Partner), Ianita Tui (Counsel) and Cristi Porojanu (Associate), as well as lawyers from the banking and litigation and arbitration departments.

“We are happy to have successfully closed this transaction in the most favourable conditions for our client. The project has risen various complex and rather uncommon law aspects, but together with the ING Tech team we managed to find optimal solutions. We are keen to see the project successfully finalised and we are sure that the new ING Tech headquarters will become a landmark building for the centre of our city”, Ianita Tui declared.

The transaction marks a second collaboration in the real estate sector between RTPR Allen & Overy and the ING group. Recently, RTPR Allen & Overy assisted ING Bank in relation to the lease of its new office space located in Expo Business Park, where the bank’s headquarters is going to be relocated.

RTPR Allen & Overy has extensive experience in the real estate sector, both in real estate transactions, such as acquisitions, disposals, lease agreements etc. as well as on financings or litigations, assisting developers, real estate investments funds, contractors, financial institutions and other important players in the economy.