News Legal Updates By Practice Area

The Bucharest office of Schoenherr has provided legal assistance on the creation of a 50/50 partnership between the Iulius Group, the developer and operator of the Iulius network of shopping malls, with Atterbury Romania.

Lately, investors have had fairly high expectations for the Serbian real estate market. New and improved real estate and construction regulations, updates to the urban plans, and the announcement of significant projects all indicate that a very interesting period is in front of us.

CMS has advised mBank on the sale of 79.99% of shares in mLocum S.A, a company specializing in housing projects and property management to Archicom S.A., a developer implementing housing projects, post-industrial facilities, and investments in the premium sector.

Bojovic & Partners has advised the Poseidon Group, a British property investment, development, and management company, on the structuring of its co-investment partnership in the Capitol Park Sombor retail park project with Mitiska REIM, which was advised by Schoenherr.

DLA Piper has advised the Karlin Group on the creation of a joint venture with the Shinkun & Binui developer for a residential real estate project in the Modrany part of Prague.

The Warsaw office of Greenberg Traurig has represented Amstar in connection with a joint venture with developer Hines and the acquisition by the joint venture company of a 0.92 hectare plot of land in the city center of Krakow, adjacent to the central railway station and Galeria Krakowska, from Heitman. Amstar and Hines will develop a residential project on the plot, which will consist of 26,000 square meters of high quality residential units for sale with ground-floor retail facilities.