CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Balcioglu Selcuk Akman Keki Attorney Partnership and Dentons have advised TACA Construction on its agreement construct a 5-star hotel in Djibouti for the Djibouti Ports and Free Zone Authority.
Dentons has provided legal and tax support to Mabuchi Motor on its investment into a new plant in the Krakow Special Economic Zone in Poland.
Schoenherr has advised Kronberg International on the acquisition of Mall Varna EAD from Raiffeisen Bank International AG. Deloitte Legal advised RBI on the deal, which closed in Q2, 2017. The purchase price was not disclosed.
CHSH has advised the KGAL Group on its acquisition of the ELI Liezen shopping center in Liezen, Austria, from the Rutter Immobilien Group. Harisch & Partner advised Rutter on the deal.
Avellum has advised longstanding client Kernel Holding S.A. on its USD 43.3 million cash acquisition of 100% of shares in an unnamed farming business that, according to the firm, manages over 170,000 tons of grain storage capacity and over 27,500 hectares of leasehold farmland.
Schoenherr has advised real estate investment company Deka Immobilien on its acquisition of DC Tower 1 in Vienna, the tallest hotel and office building in Austria, from a UniCredit Bank Austria AG subsidiary. Sixty percent of the shares will be allocated to the Deka-ImmobilienGlobal portfolio and forty percent to the Deka-ImmobilienEuropa portfolio. Fellner Wratzfeld & Partner advised UniCredit on the deal. Closing took place on July 6, 2017 and the purchase price was not disclosed.
Stratulat Albulescu has assisted Futureal, a Hungarian real estate investment company, with the acquisition at auction of over 15,000 square meters of land near Poligrafiei Boulevard in Bucharest to build a housing estate. The transaction was worth EUR 3.7 million and was completed on June 14.
