"Eurolex Bulgaria" Ltd. - News - Largest transaction on Bulgarian real estate market - News

Eurolex Bulgaria was the legal consultant of Bridgecorp Jsc on the acquisition by the client of the parent companies of LANDMARK PROPERTY MANAGEMENT S.A., one of the biggest companies on the real estate market in Bulgaria (the Buyer’s consultant was Credit Swiss Securities and CMS Cameron McKenna). Bridgecorp Jsc is owned by the current managers of Landmark Bulgaria – Richard Macdonald and Tanya Koseva-Boshova. The portfolio of the group consists of 22 properties in Bulgaria and 1 in Turkey, with a total lease area of 92,300 sq. m, and 61,400 sq. m of land for building purposes. The assets of Landmark include also several office buildings in Sofia and Varna, a commercial park in Plovdiv, land intended for the construction of a golf course project and a university building in Istanbul. Amongst the main lessee in the Landmarks buildings are Post Bank, Nova TV, Deutsche Bank, DHL, CMS Cameron McKenna, Baumax, Deloitte, EVN, Unica, and Alexandra Video.

The value of the deal is 210 million Euros, which makes it the biggest transaction on the Bulgarian real estate market so far.

Recently the Company acquired a new spacious office. It represents a detached building with yard areas and serving parking. That building is intended to become the main Sofia office and to get together the whole Company’s team. Nowadays the lawyers of Eurolex Bulgaria Ltd are situated in two separate offices.

The cocktail party on the occasion of the 10-th anniversary of the Company passed with very great success. More than 200 friends and partners of Eurolex Bulgaria met in one of the most prestigious Capital halls – the Ball hall of the Central Military Club. On the background of pleasant music and lovely culinary temptations the Procurator of the Company Mr. Andrey Delchev cut up the jubilee cake decorated with the Company’s logo. During the party more than BGN 7 000 were collected and donated after that to a Bulgarian child needing urgent therapy.

The managing partner of the Company Mr. Andrey Delchev had the pleasure of meeting the American president Mr. George Bush on his recent visit to Bulgaria. The issues discussed at the meeting were connected with the democratic development of Bulgaria during the last years, young generation’s role, education system development etc.  

With EUROLEX BULGARIA LTD experts participation in the region of Bourgas town successive two significant projects with subject acquisition of large agricultural land plots whose function should be changed for the purpose of modern trade and logistic complexes construction have been initiated.

Recently at the Ministry of Regional Development and Public Works, the competent Bulgarian Authority on development of Water Supply and Sewage Infrastructure, Water Purification and similar activities a working group for preparation of a new law concerning Water Supply and Sewage services has been formed. EUROLEX BULGARIA LTD has been included within the working group as legal adviser that is an evaluation for its leading role in this sector legal services implementation. 

At the end of the last year the Company was engaged in preparation of package of laws between a Bulgarian Municipality and a foreign investor specialized in Waste Water Treatment Plant Construction. The concept is establishment of a joint venture for purification plant building and operation. It is one of the first projects of such type where the purification plant will be constructed with investors’ funds but not with State Budget money or European funds. The Municipality’s contribution to the joint venture represents municipal land intended for the purification plant construction and the foreign investor participates with funds and know-how.

Recently, Eurolex Bulgaria Ltd has successfully completed the purchase of about 20 000 square meters regulated land plot situated in the town of Plovdiv together with the commercial site built thereon for one of its foreign clients. The deal is the forth alike acquisition for the same client – large foreign company, one of the world leaders in construction and management of urban and out-of-town commercial centers.

Recently Elitsa Parvanova and Violeta Dikova have joint our team in Sofia and we would like to present them in brief:

Elitsa Parvanova is a junior lawyer, registered in Sofia City Bar Association since 2006. She is a full-time assistant in rhetoric and a lecturer in legal rhetoric in the Faculty of Law of Sofia University. She has a lot of publications in different legal magazines. She is fluent in English and French. Her professional interests are in the field of concessions, commercial legislation, civil law and civil procedures, administrative, property and obligation law, international private law, heritage law, etc.

Violeta Dikova is a lawyer, registered in Sofia City Bar Association since 2004. She has specialised in in the field of property law, companies law and labour law. She has worked as an expert in Ministry of Justice, directorate "International Legal Cooperation, European Integration and International Legal Assistance", dealing with european and international projects coordination in the public sector.

Recently Gergana Kostova (Kostakieva) and Desislava Gradeva have joint our team in Varna. We have the pleasure to  present them in brief:

Gergana Kostova (Kostakieva) is a lawyer since 2004. She is a PhD student in Civil and Family Law in the Institute for Legal Studies at the Bulgarian Academy of Sciences. She has participated as a lecturer in many international seminars and has published articles in Legal World magazine, connected with her professional interests in the fields of medical legislation, healthcare and pharmaceutical activities; obligation,  property and procedural law.

Desislava Gradeva is a specialist in the field of property and civil law. She has worked as consultant for one of the most popular and one of the earliest established real estate agencies in Bulgaria - Gradev Ltd.