November 2025 - Kinstellar has advised Max Aicher Group, a leading German industrial group, on the sale of its property in the former industrial estate “Combinatul de Utilaj Greu” (“CUG”) in Cluj-Napoca, Romania—one of the largest sites of its kind in Romania—to Hexagon Group, a local real estate developer.
The transaction involves the sale of approximately 23 hectares of industrial land. The property had been owned by a special purpose vehicle of Max Aicher Group.
The acquisition marks one of the most significant land transactions in Cluj-Napoca in recent years and supports Hexagon’s urban regeneration strategy focused on redeveloping former industrial areas. The developer plans to transform the site into a modern mixed-use project.
Kinstellar’s team advising on the transaction was led by Iunia Nagy (Managing Associate, specialised in Real Estate) and Rusandra Sandu (Partner, Co-Head of the local Corporate M&A service line) supported by Andrei Balus (Managing Associate) and Malina Andries (Associate).