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Kinstellar and CMS Advise on Mitiska REIM’s Joint Venture with Park Lane Developments for Development of Retail Parks in Bulgaria

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Kinstellar has advised the Mitiska European Real Estate Partners 3 on its entry in Bulgaria via a joint venture with Park Lane Developments. CMS advised Park Lane Developments.

Mitiska European Real Estate Partners 3 is a real estate fund managed by Mitiska REIM, a specialist investor in European convenience real estate.

Park Lane Developments is a commercial property company developing and managing prime office, logistics/light-industrial, and retail park assets in CEE.

According to Kinstellar, Mitiska REIM and Park Lane Developments plan to “develop and open at least five prime retail parks in Bulgaria over the next five years.”

The Kinstelalr team included Partner Antonia Mavrova, Counsel Atanas Mihaylov, Senior Associate Denitsa Kuzeva, and Associate Yasen Toshev.

The CMS team included Partners Atanas Bangachev and Jenia Dimitrova, Senior Associate Katya Todorova, and Junior Associate Nikola Naydenov.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.