CMS has advised Britain’s Poseidon Group and Belgium’s Mitiska REIM on the divestment of Capitol Park Rakovica, the largest retail park in Belgrade, to Israel’s BIG CEE Group. Cvetkovic, Skoko & Jovicic advised BIG CEE on the transaction, which closed in December 2019.
Capitol Park Rakovica, which opened in October 2017, has a total area of more than 23,000 square meters.
The CMS team in Belgrade included Partners Marija Tesic, Ivan Gazdic, and Maja Stepanovic and Attorney Igor Djordjevic. Its team in Vienna was led by Partner Alexander Rakosi.
The Cvetkovic, Skoko & Jovicic team was led by Managing Partner Goran Cvetkovic.