Montenegro’s real estate sector is undergoing significant transformations due to recent legislative changes and proposed reforms, particularly in the tourism sector. These novelties will impact investors, developers, and most certainly the entire economy of Montenegro, but it remains debatable if the impact will be positive.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Havel & Partners has advised Komercni Banka’s Investment platform Upvest and the RSJ investment group on acquiring a 25% stake (with a call option of up to 49%) in Centrum Cerny Most from Unibail-Rodamco-Westfield. Dentons advised the sellers.

Greenberg Traurig has advised Cornerstone Investment Management on the redevelopment of the V-Tower in Warsaw, with Atlas Ward as the contractor.

Walless has advised Lidl on opening a new store in Tallinn.

DWF has advised TFG Group on the development and financing of Canopy by Hilton Warsaw with PORR being selected as the general contractor and Pekao Bank providing project financing.