a. NEPI Acquisition of Paradise Center from BUL DOM OOD

DGKV’s real estate team advised NEPI Rockcastle on the acquisition by its subsidiary NEPI Project Two EOOD of Bulfeld EOOD — the owner of the Paradise Center shopping center in Sofia — from Bul Dom OOD. Penkov, Markov & Partners advised the sellers on the deal.

Deal parties (advisors)

  • Buyer: NEPI Rockcastle plc, South Africa (Djingov, Gouginski, Kyutchukov & Velichkov)
  • Seller: BUL DOM OOD (Penkov, Markov & Partners)


b. Hugo Pfohe Sale of Moto-Pfohe Group to Sumitomo Corporation

CMS advised Hugo Pfohe GmbH on the legal aspects of a competitive tender to sell Bulgaria's Moto-Pfohe Group, with Wolf Theiss advising the winning bidder, the Sumitomo Corporation. The deal is reported to be the largest ever in the automotive sector in Bulgaria.

Deal parties (advisors)

  • Seller: Hugo Pfohe GmbH (CMS)
  • Buyer/Winning Bidder: Sumitomo Corporation (Wolf Theiss)


c. NEPI Acquisition of Serdika Complex 

Schoenherr advised the sellers of the Serdika Center shopping mall and S IMMO AG as seller of the adjacent Serdika Offices office building to South African real estate fund NEPI. Deloitte Legal performed full-scale due diligence on all relevant companies and assets, represented NEPI on the merger control clearance process, and advised on the closing of the deal.

Deal parties (advisors)

  • Buyer: New Europe Property Investments (NEPI) (Deloitte Legal)
  • Seller: S IMMO AG and a German shopping mall developer and operator (Schoenherr Bulgaria)
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