NKO Partners has advised CTP on a new real estate transaction in Serbia: the purchase of a 22-hectare plot located in the industrial zone of Sombor, near the borders of Hungary and Croatia, from the local municipality.
According to the law firm, "CTP plans to leverage this premium location to construct over 100,000 square meters of state-of-the-art industrial and logistic facilities."
"The property was acquired from the City of Sombor and marks a significant milestone both for CTP and the City of Sombor, with the mayor expressing his enthusiasm for the project and commenting that this is one of the most important investments for the city and the surrounding area in the last few decades," NKO Partners reported.
NKO Partners has advised CTP on multiple land acquisitions in Serbia, most recently last year (as reported by CEE Legal Matters on July 31, 2023).
The NKO Partners team was led by Partner Djordje Nikolic and Senior Associate Luka Aleksic.