Gugushev & Partners Law Office advised a British investment fund in connection with its investments in the Bulgarian real estate sector, including a holiday resort on the Black Sea coast and a landmark office building in central Sofia – Polygraphia Office Centre.

The engagement covered the full investment cycle, from legal due diligence and transaction structuring through acquisition, financing and management of the investments to their eventual exit. Our team prepared and negotiated the principal transaction documents, including shareholders’ agreements and amendments thereto, share purchase agreements, escrow arrangements and documentation relating to corporate reorganisations and other corporate actions.

The law office also advised on a range of tax matters arising in connection with the structuring and implementation of the investments, including the application of double tax treaties to the investments and the relevant transactions.

As the projects progressed, our team advised the fund on several debt financing transactions provided by Eurobank Bulgaria AD and UniCredit Bulbank AD, including the negotiation and implementation of the related security packages.

The law office subsequently advised the fund on its exit from the investments, including the legal and transactional aspects of the relevant disposal transactions.