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CMS and Kinstellar Advise on Landmark Office Real Estate Deal in Bulgaria

CMS and Kinstellar Advise on Landmark Office Real Estate Deal in Bulgaria

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CMS Sofia has advised Austrian-based funds Universale International Realitaten, CA Immo International Holding, and CEE Realty Beteiligungs on the sale of Megapark, а 75,000 square meter office building in Sofia, to Lion’s Head Investments, a joint venture between the Bulgarian real estate holding AG Capital and the South African investor Old Mutual Group. Kinstellar advised the buyer on the deal.

According to CMS, "the transaction is of a particular importance, as it is the largest office real estate M&A deal in Bulgaria since the 2008 economic crisis. Furthermore, the deal shows the growing trust in the local market, as an institutional investor is one of the two shareholders in the buyer."

The CMS team was led by Managing Partner Gentscho Pavlov, supported by Partner Dimitar Zwiatkow, Associates Marin Drinov and Ivan Gergov, and Trainee Marin Sarafov.

The Kinstellar team was led by Counsel Antonia Mavrova and Managing Associate Nina Tsifudina.

Image source: soravia.at

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 15 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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