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CMS Advises Banca Intesa Belgrade on Financing Construction of Delta Planet Nis Shopping Mall

CMS Advises Banca Intesa Belgrade on Financing Construction of Delta Planet Nis Shopping Mall

Serbia
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CMS’s Belgrade office has advised Banca Intesa Belgrade on financing provided to Delta Real Estate for the development of the Delta Planet Nis shopping mall in Nis, Serbia.

According to CMS, the project is valued at EUR 70 million and is expected to be completed in 2021. Delta Planet Nis, according to the firm, “will be the largest shopping mall in Nis, covering 40,000 square meters.” The firm reports that, “the new shopping center will have two levels and … [will offer] a large selection of international and local fashion brands, as well as restaurants, cafes, playrooms for children, and more than 800 parking spaces.”

Delta Real Estate is a real estate developer that focuses on Serbia, Slovenia, Bosnia & Herzegovina, and Bulgaria. The company’s portfolio includes shopping malls, retail parks, hotels, and retail, office, and residential space in Serbia and the region, as well as a number of logistics centers, car dealerships, and endowment projects.

CMS’s team consisted of Partners Ivan Gazdic and Milica Popovic, among others.

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.

Firm's website.