attorneys and counsellors at law

Andonov & Radinska

Experience

Highlights of our experience include:

2022

Legal advisor of a major international retail chain and a well-known sector leader in respect of acquisition of land plots in all regions of Bulgaria for construction and operation of its core-business sale points with roof-based solar power plants, an expansion with est. value of EUR 200+m.

Legal advisor of "the premier owner and operator of shopping centres in CEE" New Europe Property Investments Rockcastle (NEPI Rockcastle) in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Paradise Center (the biggest shopping mall in Bulgaria).

Legal advisor of "the premier owner and operator of shopping centres in CEE" New Europe Property Investments Rockcastle (NEPI Rockcastle in respect of new leases and renewal of its major commercial leases and property management services portfolio in Serdika Center (one of the biggest shopping malls in Bulgaria).

Legal advisor of Avestus Capital Partners in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Mall Plovdiv (the biggest shopping mall in the second largest city in Bulgaria).

Legal advisor of Delta Holding in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Delta Planet Mall (the newest shopping mall development in Varna).

Legal advisor of Mall Plovdiv in respect of the design and construction of a solar power plant on the roof of its mall in Plovdiv.

Legal advisor of JYSK in respect of the operations of the design and construction of a solar power plant on the roof of its logistic centre around Sofia.

Legal advisor of JYSK (Denmark) in respect of the operations of their EUR 100+m logistics and distribution centre in Sofia, Bulgaria, and leasing of additional warehouse facilities.

2021

Legal advisor of "the premier owner and operator of shopping centres in CEE" New Europe Property Investments Rockcastle (NEPI Rockcastle) in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Paradise Center (the biggest shopping mall in Bulgaria).

Legal advisor of "the premier owner and operator of shopping centres in CEE" New Europe Property Investments Rockcastle (NEPI Rockcastle in respect of new leases and renewal of its major commercial leases and property management services portfolio in Serdika Center (one of the biggest shopping malls in Bulgaria).

Legal advisor of Avestus Capital Partners in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Mall Plovdiv (the biggest shopping mall in the second largest city in Bulgaria).

Legal advisor of Delta Holding in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Delta Planet Mall (the newest shopping mall development in Varna).

Legal advisor of John Cotton Group (UK) in respect of a long-term lease of production facilities near Sofia, Bulgaria, for the start-up of their first pillows and duvets factory in Bulgaria.

Legal advisor of JYSK (Denmark) in respect of the operations of their EUR 100+m logistics and distribution centre in Sofia, Bulgaria, and leasing of additional warehouse facilities.

2020

Legal advisor of the "premier owner and operator of shopping centres in CEE" New Europe Property Investments Rockcastle (NEPI Rockcastle) in respect of new leases and renewal of its existing commercial leases and property management services portfolio in Paradise Center (the biggest shopping mall in Bulgaria).

Legal advisor of Avestus Capital Partners in the contemplated EUR 100+m sale of Mall Plovdiv – the biggest shopping mall in the second largest city in Bulgaria.

Legal advisor of Delta Planet Mall Varna in respect of construction and letting of the first IKEA store in Varna and in respect of all other lease and property management agreements of the newest shopping mall development in Varna – Delta Planet, an agreements portfolio at a value of EUR 120+m.

Legal advisor of JYSK in their EUR 100+m logistics and distribution centre development in Sofia.

Legal advisor of Real Estate Developments Ltd (member of Dynamic Group, The Netherlands) in respect of the development of the EUR 100+m housing estate River Park. The project is the biggest housing residential development in Bulgaria, comprised of circa 300 houses on 215000 m2 land plot in the most prestigious area of Sofia. The project also includes purification station, sport and recreation facilities, kindergarten, restaurants, swimming pool, supermarket and shops.

Legal advisor of the logistic giant - P3 Logistic Parks (a long-term investor, manager and developer of warehouse properties in Europe, 100% owned by GIC, the sovereign wealth fund of the Government of Singapore), with respect to the successful sale of its biggest real estate project in Bulgaria – the +200000 sq.m. logistic park project at Sofia surroundings.

2019

Legal advisor of Galleria Varna in respect of the construction and letting of a EUR 110m+ shopping mall development in Varna – Galleria Varna.

Legal advisor of Real Estate Developments in respect of the EUR 100m+ Simeonovo River Park Project – one of the newest and biggest housing estates in Sofia, Bulgaria.

2018

Legal advisor of JYSK in their EUR 100+m high technology logistic and distribution park development in Sofia.

Legal advisor of Europa Capital (member of Rockefeller Group International and Mitsubishi Real Estate Co) in the circa EUR 100m sale of Mall of Sofia and Sofia Tower to Global Trade Centre (GTC).

Legal advisor of Galleria Varna in respect of obtaining EUR 23+m project and VAT loans financing in respect of the construction of the newest shopping mall development in Varna – Galleria Varna.

Lead Partner of Avestus Capital Partners in respect of obtaining EUR 24+m project and VAT loans refinancing of Mall of Plovdiv.

Legal advisor of Global City Holdings in their multimillion contemplated acquisition of cinema and film distribution companies in Bulgaria.

Legal advisor of Avestus Capital Partners in their EUR 9m sale of an office tower company in Sofia, hosting the UK Embassy in Bulgaria.

Legal advisor of Dell Corporation in the restructuring of their real estate portfolio in Bulgaria.

Legal advisor of Oriflame in the lease of their new head-offices in Sofia, Bulgaria.

2017

Legal advisor of JYSK in their EUR 100+m high technology logistic and distribution park development in Sofia.

Legal advisor of Avestus Capital Partners in respect of the long-term lease of an office building in Sofia to the UK Embassy in Bulgaria.

Legal advisor of Europa Capital in their EUR 100m contemplated sale of a commercial center and office tower in Sofia to a UK listed investment fund.

Legal advisor of Cineworld (member of Global City Holdings Group) in their multimillion sale of 30,000 m2 office park development to GTC.

2016

Legal advisor of JYSK in their EUR 100+m high technology logistic and distribution park development in Sofia.

Legal advisor of General Electric in the sale of their 50% interest (shares and shareholders’ loans) in EUR 95m valued Mall of Plovdiv.

Legal advisor of General Electric in the sale of their 50% interest (shares and shareholders’ loans) in holding and property management companies in Bulgaria.

Legal advisor of Avestus Capital Partners in their multimillion acquisition of 50% interest in EUR 95m valued fully let and operational commercial center.

2015

Local legal advisor of General Electric in respect of the Bulgarian aspects of one of the biggest transactions in real estate history – the sale of the General Electric’s global real estate portfolio to Blackstone and Wells Fargo at a total value of USD 23 billion.

Legal advisor of the EUR 36+m debt-to-equity swap made by Global City Holdings in Mall of Rousse.

Legal advisor of the EUR 7m debt-to-equity swap made by On International in a commercial center in Sofia.

Legal advisor of Ogilvy in the contemplated acquisition of a media and advertising company.

Acquisition (Bulgarian law aspects) and post-acquisition advice and assistance to Scania Bulgaria and Scania Finance Bulgaria on matters arising from their global USD 9 billion acquisition by Volkswagen, including related corporate restructuring.

Legal advisor of all of the shareholders in the sale of their stakes in one of the biggest local hypermarket chains.

2014

Full M&A and corporate legal advice and assistance to Global City Holdings (at that time – Cinema City International) on all Bulgarian matters of their global GBP 500+m merger with Cineworld.

Legal advisor of ADCM, an UAE-based investment fund, in respect of the development of the largest seaside resort, where only the land plot worth EUR 100+m.

Legal advisor of the EUR 15m debt-to-equity swap performed by Europa Capital in Mall of Sofia.

2013

Legal advisor of Cinema City International (the second largest cinema operator in Europe) in respect of the acquisition of 7 cinemas and multiplexes in Bulgaria as a part of the global EUR 144m acquisition of a Dutch subsidiary of Israel Theater Ltd.

Legal advisor of Global City Holdings (at that time – Cinema City International) in respect of the acquisition of 5 Bulgarian companies as a part of the global EUR 144m acquisition of a Dutch subsidiary of Israel Theaters Ltd.

Legal advisor of the energy, chemical and logistics giant PCC Germany in respect of the acquisition of 3 hydro-power plants in Bulgaria at a start-up phase in a project valued at EUR 20m.

2012

Legal advisor of General Electric in respect of construction of retail facilities for H&M in GE’s commercial center in Plovdiv.

Legal advisor of SEEF II (South Eastern Europe Equity Fund II, a USD 520m equity fund, sponsored by EBRD, Raiffeisen, other EU and US institutional investors and private investors as George Soros family) in respect of the sale of its equity stakes in 12 Bulgarian companies – hospitals, clinics and a health insurance fund.

Bulgarian legal advisor and due diligence performer for Clairvue Capital Partners, USA, in an international loan portfolio acquisition globally led by Jones Day.

Preparation of the whole master M&A documentation and master joint-venture agreements in respect of the targeted acquisition of equity stakes in 180 Bulgarian companies by Eleven Accelerator Venture Fund (a venture fund that provides staged startup financing in exchange of equity, financed by Joint European Resources for Micro and Medium Enterprises (JEREMIE) initiative, co-financed by the European Regional Development Fund and Bulgarian state budget).

Legal advisor of the energy, chemical and logistics giant PCC Germany in respect of the acquisition of a hydro-power plant in Bulgaria.

2011

Legal advisor of General Electric and Avestus Capital Partners in their joint EUR 100+m sale of Mall of Sofia and Sofia Tower to Europa Capital.

Legal advisor of the German industrial giant PCC in respect of the drafting and tendering of a FIDIC-based construction contract for a hydro-power plant.

Legal advisor of City Hospitals & Clinics in their multimillion acquisition of 3 medical companies in Varna.

2010

Legal advisor of General Electric in respect of the letting of all commercial areas in its subsidiary – Mall of Plovdiv.

Legal advisor of Mall Rousse in respect of the letting of all of its commercial areas.

Legal advisor of General Electric and Avestus Capital Partners for the contemplated EUR 120m sale of 100% of the interest in a shopping center in Sofia to a Czech-based real estate fund.

Lega advisor to an international real estate fund in respect of its EUR 30m acquisition of 7 real estate project development companies with 300 land plots around Sofia.

2009

Legal advisor of Mall Rousse (a subsidiary of Cinema City International) in respect of the preparation and tendering of the EUR 70+m design, construction and equipment contracts for the construction of their mall in Rousse.

Legal advisor of Mall Rousse (a subsidiary of Cinema City International) in respect of obtaining of a EUR 97m project, construction and refinancing loan from a banks’ syndicate leaded by UniCredit.

Legal advisor of Belveder SA, France, in respect of the EUR 13m sale of a real estate portfolio in Bulgaria, comprised of a wine factory, stores and land.

Legal advisor of Cinema City International (currently Global City Holdings) in respect of the EUR 100m sale of Mall of Plovdiv to General Electric and Quinlan Private.

Legal advisor of General Electric and Quinlan Private in respect of the EUR 120m contemplated sale of their interest in Mall Sofia and Sofia Tower to a leading German investment fund.

Legal advisor of Contemplated Belvedere SA in respect of the EUR 13m sale of a wine factory in Bulgaria.

Legal advisor of Intersnack in respect of a multimillion assets sale of its food factory in Bulgaria.

2008

Legal advisor of the public company Petroroup PLC in respect of contemplated acquisition of an oil refinery construction project (purchase price of EUR 15m + procurement of EUR 100m construction financing).

Legal advisor of Cinema City International in respect of the EUR 100+m sale of Mall of Plovdiv to General Electric and Avestus Capital Partners.

Legal advisor of Quinlan Private in respect of EUR 90m acquisition of two shopping mall developments in Bulgaria.

Legal advisor of Quinlan Private in respect of EUR 30m acquisition of a German hypermarket chain in Sofia, and related land plots.

Legal advisor of Cinema City International (currently Global City Holdings) in respect of the multimillion acquisition of a controlling stake in Mall Stara Zagora, a project valued at EUR 120m.

Legal advisor of SEEF II in a contemplated multimillion acquisition of Familia supermarkets chain.

2007

Legal advisor of Mall of Plovdiv in respect to preparation and tendering of the EUR 40+m shopping mall construction contract.

Legal advisor of Cinema City International and AVIV in respect to the EUR 32m acquisition of land plots for the development of a shopping mall in Rousse – Mall of Rousse.

Legal advisor of Mall of Plovdiv in respect to the obtaining of the EUR 32m  construction loan financing from OTP and DSK Bank.

Legal advisor of Quinlan Private in respect of EUR 12m acquisition of an office tower company, hosting the UK Embassy in Bulgaria.

Legal advisor of Intersnack in respect of the multimillion acquisition of a nut products factory.

2006

Legal advisor of Mall of Sofia in respect to the letting of the whole shopping mall.

Legal advisor of Lindner, Germany, in respect of their 205 buildings, 194,000 m2 and EUR 100+m development Residential Park Sofia.

Legal advisor of Cinema City International in respect of the obtaining of multimillion loan from DSK Bank for the construction of the first IMAX theater in Bulgaria.

Legal advisor of Cinema City International (currently Global City Holdings) and OCIF Eastern Europe in respect of the acquisition of majority stake in Mall of Plovdiv, a project valued at EUR 120m.

Legal advisor of SEEF II in respect of the multimillion acquisition of a directory business from the Bulgarian Telecommunications Company.

2005

Legal advisor of Cinema City International in respect of the preparation of EUR 50+m construction contract in respect of Mall of Sofia and Sofia Tower.

Legal advisor of Mall of Sofia in their EUR 38.5m construction loans refinancing.

Legal advisor of all shareholders in Familia supermarkets chain in respect of their EUR 25m shares sale to an UK listed investment fund.

2004

Legal advisor of Cinema City International and AVIV in the EUR 100+m sale of all of the shares in Mall of Sofia to General Electric and Quinlan Private.

Legal advisor of Mall of Sofia in the obtaining of EUR 38.5m construction loans bank financing from DSK Bank and OTP.

Legal advisor of an Irish real estate investment fund in the EUR 80m acquisition of two seaside resorts and golf courses.