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CMS Advises Poseidon Group and Mitiska Reim on Sale of Serbian Retail Parks Portfolio to Immofinanz AG

CMS Advises Poseidon Group and Mitiska Reim on Sale of Serbian Retail Parks Portfolio to Immofinanz AG

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CMS has advised the UK's Poseidon Group and Belgium’s Mitiska Reim on the divestment of their entire portfolio of retail parks in Serbia to Austria’s Immofinanz AG. Tomic Sindjelic Groza reportedly advised Immofinanz on the deal.

According to CMS, “the portfolio consists of four retail parks located in the cities of Zajecar, Leskovac, Sombor, and Sabac, [with] total GLA of 28,200 square meters. Major tenants include supermarkets Tempo and Maxi (Delhaize Serbia), as well as leading international retailers such as C&A, Deichmann, DM, H&M, Intersport, and Jysk.”

CMS’s team included Vienna-based Partners Alexander Rakosi and Sibylle Novak and Attorneys Daniel Kropf and Marie-Christine Lidl, as well as Serbia-based Partners Marija Tesic, Ivan Gazdic, Milica Popovic, and Maja Stepanovic and Attorneys Anja Tasic, Jelena Djordjevic, and Igor Djordjevic.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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