Continuing our series on opportunities for investment in Serbia, we discuss the real estate sector. Historically, countries have been reluctant to allow foreigners to acquire real estate. In the past, real estate (primarily lands) symbolized its owners’ power, and today apartments, buildings, houses, properties, mines, and fields have significant worth. Nevertheless, globalization has increased the dynamics of “international” real estate trade. Real estate has thus become an important segment in international investment, both as a secondary part of the project (leasing or even buying space for the investors’ regular business operations) and as the very purpose of the investment (real estate construction, exploitation of mineral resources, construction of roads, etc.). As discussed in our previous articles, Bilateral Investment Treaties (“BITs”) play a crucial role in encouraging and securing foreign investors to invest in a foreign country, this time in real estate.
Slovenia's Busy Deals and Disputes Pipeline: A Buzz Interview with Janja Zaplotnik of Jadek & Pensa
Corporate reorganizations, spin-offs, and a generational change among family-owned companies are among the key features of Slovenia’s current market, and the number of collective claims for damages is rising, according to Jadek & Pensa Partner Janja Zaplotnik.
Kinstellar and Dentons Advise on S Immo's Acquisition of Budapest Office Properties from CPI Property Group
Kinstellar has advised S Immo on its EUR 238.3 million acquisition of Budapest office properties and a land plot from the CPI Property Group. Dentons advised the seller.
Zepos & Yannopoulos Advises Westfort Capital on Restructuring of Two Hotels in Rhodes and Crete
Zepos & Yannopoulos has advised Westfort Capital Limited on the sale and financing restructuring of two hotels located in Rhodes and Crete.
Did You Know: Romanian Real Estate Leaderboard Over Past Decade
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Kinstellar Bucharest Managing Partner Victor Constantinescu has worked on 12 reported Real Estate deals in Romania over the past nine years – the most of any lawyer in the country?
Eversheds Sutherland Advises Conseq on Acquisition of Production and Storage Assets in Breclav
Eversheds Sutherland has advised Conseq on the expansion of its real estate fund portfolio through a share-deal acquisition of production and storage assets in Breclav's industrial zone.
Clifford Chance and KWKR Advise on CRIM Sale of Warsaw and Krakow Housing Assets
Clifford Chance has advised Catella Residential Investment Management on its EUR 60 million sale of residential and student housing properties in Warsaw and Krakow. Konieczny Wierzbicki & Partners advised Dutch buyer Van der Vorm Vastgoed on the acquisition of the Trio project in Krakow.