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DGKV and CMS Advise on Mall of Sofia Acquisition and Financing

DGKV and CMS Advise on Mall of Sofia Acquisition and Financing

Bulgaria
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DGKV has advised Polish real estate developer Globe Trade Centre on its acquisition of Mall of Sofia and on obtaining a loan facility from a consortium of the OTP and DSK banks to finance up to 65% of the market value of the asset, and of W&I insurance and title insurance. CMS Cameron McKenna in Bulgaria advised Europa Capital on its sale of the Mall of Sofia, and CMS Reich-Rohrwig advised the banking consortium. 

The signing took place on April 26, 2018, and closing of the transaction is subject to the approval of the Bulgarian competition watchdog. 

GTC Group is a real estate investor and developer operating in Poland, Romania, Hungary, Croatia, Serbia, and Bulgaria. The Mall of Sofia, in the Central Business District of Sofia, provides 23,700 square meters GLA of retail space, 10,300 square meters of office space, and more than 600 underground parking places. 

The DGKV team was co-led by Partners Stephan Kyutchukov and Georgi Tzvetkov, and supported by Senior Associates Kaloyan Krumov, Krassimir Stephanov, Maya Mircheva, Silviya Apostolova, Yassen Spassov, and Associates Lora Aleksandrova, Dimo Staykov, Kamen Gogov, Tsvetelina Bayraktarova, Viktoriya Marincheva, Dessislava Ivanova and Hristo Stoyanov.

The CMS Reich-Rohrwig Hainz team was advised by Senior Associate Dimitar Zwiatkow and Associates Marin Drinov and Ivan Gergov. 

CMS Cameron McKenna did not reply to our inquiries. 

 

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 14 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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