CMS has advised Cordeel Group N.V. on the sale of a mixed-use logistics and office development to CTP. Hristov & Partners advised the buyer on the deal.
According to CMS, the acquisition was structured as a share deal in respect of the shares in Cordeel’s subsidiary Sofcor Logistics EOOD. “The development consists of 31,000 square meters of warehouses and 4,000 square meters of offices and is leased to Orbico, one of the largest distribution companies in Bulgaria, under a long-term build-to-suit lease.”
CMS’s team included Partner Atanas Bangachev, Counsel Jenia Dimitrova, and Trainee Diyan Georgiev.
Hristov & Partners’ team included Partners Pavel Hristov and Biliana Shagova, Senior Associate Dragomir Stefanov, and Of Counsel Kremena Stoyanova.