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Real Estate & Construction

Bulgaria

We offer the benefit of longstanding experience in the real estate market, having advised on some of the biggest logistics, office and retail transactions in Central and South Eastern Europe to date. In an increasingly active property market, we can advise you on complex cross-border property portfolio sales and acquisitions across the region and we can provide industry-specific advice such as leasing agenda, construction and development projects and construction litigation. Whether you are in the logistics, retail, office, residential, hotels, infrastructure, renewable energy or student accommodation sectors, we have the specialists to help.

Through decades of experience of doing deals across Europe, our multi-jurisdictional teams adhere to the same templates, processes and standards, including project management. This means we can deploy specialist teams to advise you immediately, irrespective of where the real estate assets are located. If you are launching or operating a real estate fund or setting up a real estate related joint venture, our funds and corporate experts can give you country-specific support. This approach allows us to guide your tax planning, debt financing, construction and management issues in addition to your traditional real estate portfolio and property management work.

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Iain Batty
08/05/2018
Green­field In­vest­ments in CEE 2018
22/07/2019
Bul­gari­a's high court rules pen­alty clauses to be as­sessed case by...
In a re­cent rul­ing by the Bul­gari­an Su­preme Court, which ad­dressed the is­sue of pen­alty clauses in lease agree­ments, the high court ruled that as­sess­ments on the valid­ity of pen­alty clauses should be made on a case-by-case basis.
6 April 2017
CMS launches the CEE Real Es­tate In­vest­ment Com­pass...
24/05/2019
FID­IC claims no­ti­fic­a­tion pro­vi­sions: Hong Kong High Court guid­ance
A re­cent de­cision of the Hong Kong High Court has con­sidered the ef­fect of claims no­ti­fic­a­tion pro­vi­sions which re­quire a con­tract­or to state the con­trac­tu­al basis of a claim. Such a re­quire­ment now forms part of the stand­ard FID­IC claims no­ti­fic­a­tion pro­ced­ure.
Gregor Famira
05/10/2015
CMS European Real Es­tate Deal Point Study 2015
European prop­erty mar­ket sees con­tinu­ing trend to­wards...
01/03/2019
Bul­garia im­ple­ments GDPR in­to Per­son­al Data Pro­tec­tion Act
After ex­tens­ive pub­lic con­sulta­tions and dis­cus­sions in par­lia­ment, Bul­gari­an law­makers passed amend­ments to the Per­son­al Data Pro­tec­tion Act, which im­ple­ments the EU­'s Gen­er­al Data Pro­tec­tion Reg­u­la­tion (GDPR) with a few loc­al ex­emp­tions.
15/02/2019
An­nounce­ment of fi­nal feas­ib­il­ity study for Balkan gas hub delayed
The date for the re­lease of the Bul­gartrans­gaz EAD sponsored feas­ib­il­ity study has been changed.   Ini­tially sched­uled for Feb­ru­ary 28, Bul­gartrans­gaz has now is­sued a "hold off" no­tice for its round table to re­lease the fi­nal res­ults of the Feas­ib­il­ity Study.
06/02/2019
Bul­garia to hold second in­ter­na­tion­al tender for the Belene nuc­le­ar...
After three con­struc­tion at­tempts over nearly 40 years, the Bul­gari­an gov­ern­ment is plan­ning to re­sume work on the Belene Nuc­le­ar Power Plant with the launch of a second in­ter­na­tion­al tender for in­vestors.
04/02/2019
Fi­nal feas­ib­il­ity study for Balkan gas hub sched­uled for Feb­ru­ary...
On 28 Feb­ru­ary 2019, the fi­nal res­ults of the Feas­ib­il­ity Study for the Balkan Gas Hub will be presen­ted at a ‘round table’ event or­gan­ised by Bul­gartrans­gaz EAD in Sofia.   The fol­low­ing top­ics will be presen­ted at this event:    •  Fi­nal res­ults of the.
23/11/2018
Bul­garia launches first and largest EFW pro­ject
The Bul­gari­an gov­ern­ment has just ap­proved the in­stall­a­tion of a RDF (re­fuse-de­rived fuel) com­bus­tion waste fa­cil­ity at the Thermal Power Plant Sofia in the na­tion's cap­it­al. The in­stall­a­tion of RDF tech­no­logy in the Sofia Thermal Power Plant was hotly de­bated.
22/11/2018
New re­port | Con­nec­ted Fu­ture: in­vest­ment op­por­tun­it­ies in the rad­ic­ally...
Tech­no­logy-driv­en trans­form­a­tions are not only dis­rupt­ing our every­day lives, but are also rad­ic­ally trans­form­ing the in­fra­struc­ture sec­tor. On the one hand, in­nov­a­tion is driv­ing an up­grade of ex­ist­ing in­fra­struc­ture, such as di­git­al; on the oth­er hand, it.
22/10/2018
Bul­garia to open tender for ex­plor­a­tion of the off­shore Tervel Block
The Min­is­ter of En­ergy has pro­posed to the Bul­gari­an Coun­cil of Min­is­ters open­ing the pro­ced­ure for grant­ing a per­mit for pro­spect­ing and ex­plor­a­tion of oil and nat­ur­al gas in area “Block 1-26 Tervel”, off­shore Bul­garia, which was pre­vi­ously known as Teres.