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CMS Advises Banca Intesa Belgrade on Financing Construction of Delta Planet Nis Shopping Mall

CMS Advises Banca Intesa Belgrade on Financing Construction of Delta Planet Nis Shopping Mall

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CMS’s Belgrade office has advised Banca Intesa Belgrade on financing provided to Delta Real Estate for the development of the Delta Planet Nis shopping mall in Nis, Serbia.

According to CMS, the project is valued at EUR 70 million and is expected to be completed in 2021. Delta Planet Nis, according to the firm, “will be the largest shopping mall in Nis, covering 40,000 square meters.” The firm reports that, “the new shopping center will have two levels and … [will offer] a large selection of international and local fashion brands, as well as restaurants, cafes, playrooms for children, and more than 800 parking spaces.”

Delta Real Estate is a real estate developer that focuses on Serbia, Slovenia, Bosnia & Herzegovina, and Bulgaria. The company’s portfolio includes shopping malls, retail parks, hotels, and retail, office, and residential space in Serbia and the region, as well as a number of logistics centers, car dealerships, and endowment projects.

CMS’s team consisted of Partners Ivan Gazdic and Milica Popovic, among others.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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