Kinstellar has advised Netherlands-based industrial developer CTP on two real estate acquisitions in Bulgaria.
According to Kinstellar, “through an innovative sale-and-lease-back structure, CTP has successfully finalized the acquisition of a production facility operated by Willie Elbe, a leading automotive tier-1 supplier of highly sophisticated automotive parts. The deal allows CTP to strengthen its portfolio of industrial development projects and long-term leasing services to blue-chip tenants.”
According to the firm, “CTP has also acquired strategically positioned land plots with a total area exceeding 50,000 square meters for the construction of a logistics park near Sofia, which further reinforces its position as a major logistics park developer in Bulgaria.”
Kinstellar’s team included Partner Antonia Mavrova, Managing Associate Atanas Mihaylov, Senior Associate Emil Lukaev, and Associate Simeon Vachev.
Kinstellar did not reply to our inquiry on the matter.