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Kinstellar advises on a joint venture related to the acquisition of a strategic building for the development of the space sector in Bulgaria

August 2024 – Kinstellar advised Peter Mitev, co-founder and former CEO of Chaos Group, a global leader in computer graphics technologies, and Big Orange Foundation, on the legal aspects of their joint venture with Raycho Raychev, founder and CEO of Endurosat, one of the fastest growing satellite companies in the world, in relation to the acquisition of a landmark 17,000 sqm building in Sofia, Bulgaria.

The building is strategic for Endurosat's vision for the development of the space sector and will be used for space research and other key operations. The acquisition of the building, formerly the headquarters of Alpha Bank, is the largest office transaction on the Bulgarian real estate market for the year 2024 to date.

The Kinstellar team was led by Svilen Issaev (Counsel) and included: Diana Dimova (Managing Partner), Antonia Mavrova (Partner), Atanas Mihaylov (Counsel) and Denitsa Kuzeva (Senior Associate).

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