Tsvetkova Bebov Komarevski has advised Prime Kapital on the acquisition of two shopping malls in Bulgaria by the Luxembourg-registered PKM Investments (a joint venture of MAS Real Estate and Romania's Prime Kapital) from Poland's Globe Trade Centre. The sellers were advised by Djingov, Gouginski, Kyutchukov & Velichkov.
The acquisition of the two malls — located in Burgas and Stara Zagora, Bulgaria’s fourth and sixth largest cities, respectively — was first announced in April by MAS Real Estate. The quoted value of the transaction was a total of EUR 62 million for both properties.
According to Tsvetkova Bebov Komarevski (TBK), "the transaction is the first acquisition of shopping centers of this size on the Bulgarian market in 2017 and is one of the largest real estate transactions this year on the national market."
The TBK team was led by Managing Associate Angel Bangachev.
Editor's Note: After this article was published, DGKV informed us that its team on the matter consisted of Partner Georgi Tzvetkov, Senior Associate Valentin Bojilov, and Associate Lora Aleksandrova.