During the 2000-2008 real estate investment boom in Bulgaria, our senior team accumulated solid experience by providing legal advice to many foreign and local investors in the financing and acquisition of real estate and the subsequent development of facilities of different purpose and scale. Our lawyers have the experience and the legal expertise to advise clients on all legal aspects related to real estate transactions and real estate project development and construction.
However, in the last few years, the local real estate industry has been faced with significant challenges. Though investors are interested in real estate’s potential, they are increasingly selective about the opportunities they support. The current climate offers certain buying opportunity for those looking for bargains from distressed sellers keen to exit, but the general hindrance for all is the funding gap. This has imposed a number of restructuring operations for real estate holders and developers in Bulgaria, as well as difficult negotiations for refinancing. What is certain is that the changes in this sector require new approaches and innovation.
We can use our long time experience to guide you through the real estate turbulences and help you in all legal issues of investor’s interest, including:
Acquisition of former Rover factory by Equest
NBLO advised the commercial property investment fund Equest on the acquisition of Rodacar AD (the former Rover factory in Bulgaria), from an Austrian Group.
© New Balkans Law Office 2020