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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. 

 

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.