INVESTMENT PROJECTS. REAL ESTATE
The dynamic development of Bulgarian real estate market and the construction boom during the last several years has evolved this field of practice to a priority in our engagements.
Out law firm advises projects in real estate and construction in this country performed by predominantly Greek, Swedish, Dutch and English investors. We encompass all details of incorporation of a suitable vehicle, selection of target real estate, negotiations on financing with banks and plots purchases, all stages of construction works, including advising the subsequent sales in residential and villa areas and other deals in real estate.
We provide to our clients a comprehensive range of services concerning investments in real property, namely:
- advising on the current trends in office marketplace, business parks, logistical and industrial zones, residential and holiday places, long-term investments, surveys of market segments;
- flexible investment decisions with most friendly tax effect and selection of financing schemes;
- thorough legal due diligence of real estate properties;
- brokerage services;
- standard legal work concerning construction procedures and acquisition of title of property;
- setting-up of vehicles in relation to accomplishment of specified investment projects and representation before state and municipal authorities, potential partners and interested third parties;
- strategies for long-term leasing and marketing the property;
- representation in property management of closed residential complexes;
- setting up real estate investment trusts and collaboration in creating partnerships with institutional investors.
Several holiday complexes will be built by foreign investors which happen to be our clients on the North Black Sea Coast.In the course of advising the Bulgarian company Home for You Ltd. we are facing more intricate legal problems arising in the process of appearance of holiday complexes, residential complexes and closed complexes. Recently, we have started deliberating on the legal framework of the activities pertaining to production and supply of energy needed for central heating and air-conditioning of such real estates.