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Kinstellar continues to support CTP on its real estate acquisitions in Bulgaria

August 2021 – Kinstellar has successfully provided comprehensive legal services to CTP, a Dutch-based industrial developer, in two recent real estate acquisitions in Bulgaria. Through an innovative sale-and-lease-back structure, CTP has successfully finalised the acquisition of a production facility operated by Willie Elbe, a leading automotive Tier-1 supplier of highly sophisticated automotive parts. The deal allows CTP to strengthen its portfolio of industrial development projects and long-term leasing services to blue-chip tenants.

CTP has also acquired strategically positioned land plots with a total area exceeding 50,000 m2 for the construction of a logistics park near Sofia, which further reinforces its position as a major logistics park developer in Bulgaria.   

Kinstellar has been advising CTP on the acquisition of large-scale real estate properties since its entry into the Bulgarian market in 2019.

Kinstellar’s lead lawyers on the transactions were Antonia Mavrova (Partner) and Atanas Mihaylov (Managing Associate), supported by Simeon Vachev (Associate) and Emil Lukaev (Senior Associate).

For more information, please contact Antonia Mavrova, at

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