Kinstellar has advised Park Lane Developments on its sale of the Park Lane Office Center in Sofia to SAP. Wolf Theiss advised the buyer.
According to Kinstellar, this represents "the largest investment deal on the Bulgarian office market for the last three years."
The property already hosts Allianz Bulgaria's headquarters, with SAP Labs deciding to invest in the property and relocate all its employees in Bulgaria to the new office center.
The Kinstellar team included Partner Antonia Mavrova and Managing Associate Atanas Mihaylov.
The Wolf Theiss team consisted of Partner Anna Rizova, Counsel Katerina Novakova, Senior Associate Jasmina Uzova, Associates Georgi Todorov, Kristian Yabalkarov, and Teodor Toshev, and Legal Trainee Ivan Ivanov.