Archive for October, 2017

BOYANOV & Co. Consults a UK-listed Company on Investment in a Landmark Building in Sofia

Monday, October 23rd, 2017

BOYANOV & Co. provided full legal support to the UK-listed company BSP PLC to acquire the iconic building at the corner of Rakovski Str. and Ivan Vazov Str. in the very heart of Sofia. The building was designed in the beginning of the 20th century by the famous architect Nikola Lazarov and is registered as an architectural monument. Its last owner, UniCredit Bulbank acquired the building after the double merger of HVB Biochim and Hebros bank (the legal side of that merger was handled by Boyanov & Co.) several years ago.

BSP PLC plans to refurbish the building and thus further develop and increase its value as a vital element of Sofia’s dynamic business centre.

Vazov Building

Boyanov & Co. Advised on the Acquisition of The Mall Shopping Centre

Thursday, October 5th, 2017

BOYANOV & Co. assisted the UK-based Hystead Limited (”Hystead”) and its 100%-owned subsidiary Balkan Retail NV to successfully close the acquisition of all shares in the Bulgarian company AP Retail I EOOD, which owns The Mall shopping centre. The deal’s value amounts to a total of Euro 156 million. The Mall is regarded as one of the best shopping centres in Bulgaria. It provides approximately 52 000m² of GLA, and has around 200 tenants including Zara, Peek & Cloppenburg, H&M, New Yorker, Mango, Deichmann, etc.

Boyanov & Co. team, led by the partners Yordan Naydenov and Nickolay Nickolov, assisted the buyer throughout the acquisition process and secured fast, safe and effective closing and assumption of control by the buyer.