Real Estate

A Moving Plot: The Legal Significance of the Detailed Development Plans under Art. 16 of the Spatial Development Act

Imagine receiving a letter that your real estate located in Bulgaria will, in fact, “change” its location within the neighborhood. This can come up as a shock to any international investor in Bulgaria. Such companies might wish to finance certain entrepreneurial construction activity in Bulgaria, and therefore, acquire one or more plots of land. This sort of legal conundrum is indeed possible in Bulgaria and this article will look into its intricacies.

Closing: Marvipol Development's Sale of Unique Tower Now Closed

On September 16, 2022, Greenberg Traurig announced that Marvipol Development's sale of Unique Tower to Heimstaden Bostad (reported by CEE Legal Matters on February 2, 2021) has now closed.

Wardynski & Partners, SSW, and Taylor Wessing Advise on Ingka Centers' Sale of Franowo Shopping Center

Wardynski & Partners has advised Ingka Centers on the sale of the Centrum Franowo shopping center in Poznan to Opal CF. SSW Pragmatic Solutions has advised mBank on financing the deal. Taylor Wessing advising Opal CF on the financing. KKS Legal reportedly advised Opal CF on the acquisition transaction.

Greenberg Traurig Advises Trigea on Tricity Logistics Park Acquisition

Greenberg Traurig has advised the Trigea Real Estate Fund on its acquisition of a logistics park near Poland's Tricity. DLA Piper reportedly advised the seller.

Clifford Chance and Dentons Advise on Prologis’ EUR 1.585 Billion Acquisition of Crossbay Logistics Portfolio

Clifford Chance has advised Prologis on its EUR 1.585 billion acquisition of Crossbay's urban logistics portfolio from Crossbay and Mark. Dentons advised the sellers.

Cobalt Successful for Martins Jansons Before European Court of Human Rights

Cobalt has successfully represented Martins Jansons before the European Court of Human Rights in a case regarding his arbitrary eviction during a legal dispute over apartment tenancy.

Significant Amendments to the Fiscal Code with an Impact in the Field of Real Estate Transactions

By Government Ordinance no. 16/2022 for amending and supplementing Law no. 227/2015 regarding the Fiscal Code, the abrogation of some normative acts and other financial-fiscal measures, published in the Official Gazette no. 716 of July 15, 2022 (Ordinance 16/2022), a series of amendments and additions to the fiscal regime have been made that concern, among others, the regime of micro-enterprises, excise duties, hospitality sector, part-time labour agreements, VAT etc.