Kinstellar has advised Peter Mitev and Big Orange Foundation on the joint venture with Raycho Raychev and Endurosat for the acquisition of a 17,000-square-meter office building in Sofia from Alpha Bank. CMS advised Alpha Bank on the sale of its former headquarters. Yonev Valkov Nenov reportedly advised Raycho Raychev and Endurosat.
Peter Mitev is the co-founder and former CEO of Chaos Group, a computer graphics technology company.
Raycho Raychev is the founder and CEO of Endurosat satellite company.
According to Kinstellar, “the building is strategic for Endurosat's vision for the development of the space sector and will be used for space research and other key operations. The acquisition of the building, formerly the headquarters of Alpha Bank, is the largest office transaction on the Bulgarian real estate market for the year 2024 to date.”
The Kinstellar team included Managing Partner Diana Dimova, Partner Antonia Mavrova, Counsels Svilen Issaev and Atanas Mihaylov, and Senior Associate Denitsa Kuzeva.
The CMS team included Partner Jenia Dimitrova, Senior Associates Katya Todorova and Yana Antonova, and Associates Emil Karasanov and Reni Yanakieva.
