August 2024 – Kinstellar has advised the Mitiska European Real Estate Partners 3, a real estate fund managed by Mitiska REIM, on its entry into the real estate market in Bulgaria through a joint venture (JV) with Park Lane Developments.
Mitiska REIM, the leading specialist investor in European convenience real estate, and Park Lane Developments, a leading commercial property company developing and managing prime office, logistics/light-industrial, and retail park assets in CEE, plan to develop and open at least five prime retail parks in Bulgaria over the next five years.
Kinstellar advised on the structuring and implementation of the JV.
The team was led by Partner Antonia Mavrova (Head of Real Estate, Construction & Panning in Bulgaria) and Atanas Mihaylov (Counsel and Head of Tax Practice) and includes Denitsa Kuzeva (Senior Associate) and Yasen Toshev (Associate).