Ivanica Resort (Municipality of Ravno)
March 2022
The Ivanica Resort is an exciting project located in the south of the country, in the municipality of Ravno, along the border with Croatia, only a few minutes drive from Dubrovnik. The main content of the Ivanica Resort includes a wide range of leisure and sporting activities combined with a major residential development. The key facilities include the following: residential, retail centre, hotel/spa and tennis centre, 18-hole golf course, a budget hotel, equestrian centre, shooting/archery centre and fishing lakes.
The project is being implemented by BiS Adriatic, which was formed…
Trading Center VMC (VMC Mall)
March 2022
The VMC Mall is a real estate project located in the city of Sarajevo, Pofalici, in a great location just three minutes from the main bus and train station and the main city road Zmaja od Bosne, in the Municipality of Novo Sarajevo. The project promoter is a company for foreign and domestic trade and services designing, engineering, and consulting. The current status of the project is at the concept stage, and it is planned that the building will cover the land of 10,770m2 and have up to a maximum of six floors (27m maximum height, max 64,620m2). It will have an underground parking…
Factory for the Production of Cables, Metals and Plastics, Sarajevo
March 2022
The construction of a factory for the production of cables, metals, and plastics in Sarajevo is a project of great economic importance for B&H since it is about improving the energy sector and the metal industry.
The site for the production facility is in the industrial zone along the main road М5, only 10km from the Sarajevo Airport and 5 km from the A1 highway. The land for the factory covers an area of 10,000m².
The project is being implemented by Elektro SEN d.o.o. which deals with the distribution, wholesale and retail of electrical installation materials and LED lighting.…
Business and Shopping Centre Brijesce, Sarajevo
February 2022
The investment project Business and Shopping Center Brijesce has an excellent location in the settlement of Brijesce, 5km from the center of Sarajevo, not far from the exit to the state highway A1.
The project is being implemented by Hidrogradnja d.d. Sarajevo is a construction company founded in 1947. During a more decennial work, Hidrogradnja d.d. Sarajevo has engaged in the construction of low and high-rise buildings, as well as the production of fractions, concrete and concrete products. The company is in the process of preparing a reorganization plan and looking for a strategic…
Sava Turizem is Selling Several Building Plots at the Slovenian Coast
January 2022
Sava Turizem has published tenders for the sale of several building land plots in the Piran and Portoroz area with a total of more than 21,000 square meters of land at an informative price of EUR 3.845 million.
Plot 1: 7,500 sqm, informative price EUR 1.4 million
Plot 2: 8,552 sqm, informative price EUR 1.02 million
Plot 3: 152 sqm, informative price EUR 20,000
Plot 4: 5,075 sqm, informative price EUR 1.455.
The deadline for submitting non-binding bids is 25 February 2022.
Sale of a Large Land Near Bucharest
December 2021
Three entrepreneurs in the real estate field, Dan Pascariu, Adrian Tofan, and Matthew Proskine, plan to sell 38 ha of land located in Popesti-Leordeni, a satellite town of Bucharest. The land is valued at approx. EUR 38.6 million.
NNDKP Advises Purolite in Relation to its Acquisition by Ecolab
December 2021
NNDKP has assisted Purolite Corporation and Purolite SRL in relation to the acquisition of the companies by Ecolab, as part of a broader, global acquisition process.
The transaction is valued at approximately US$ 3.7 billion, placing it amongst the largest transactions of its kind closed this year, both at the global and national levels.
NNDKP has provided assistance in all stages of the transaction and with other relevant aspects regarding the acquisition process, through the involvement of a multidisciplinary team of professionals, comprised of experts from the firm’s Corporate/M&A,…
Controversial Amendments to the Serbian Expropriation Act
November 2021
Author: Dragoljub Cibulic
On 26 November 2021, the National Assembly enacted the amendments to the Expropriation Act (“Amendments“), legislation that originates from 1995 and has not been significantly updated since 2009.
A number of public intellectuals, NGOs, and opposition parties have loudly criticised the Amendments. We outline below the most important changes.
The notion of public interest
By far the most controversial provision of the Amendments is the expansion of the notion of public interest. According to the Serbian Constitution, private property may be expropriated…
Sale of Industrial Park Belgrade
September 2021
Sale of 51-100% of equity in one of the largest industrial parks in the SEE region with a total of five existing facilities, and two in a pre-construction phase, located in the industrial zone near Belgrade.
Uncertain Issues On Residence And Workplace Leases
Authors: Busra Ozden, Merve Tuzmen
In this first part of a series of articles on disputed lease provisions of the Turkish Code of Obligations (the “TCO”) with respect to residences and roofed workplaces, we address whether the parties are free to determine the rental fee after the end of each five-year period.
The TCO allows the parties to determine the rent increase rate in residence and roofed workplace leases subject to limitations. Article 344 of the TCO explicitly sets forth the annual rent increase rules that apply within each five-year period, both for the Turkish lira and for foreign…
National Cadastre: Commencement of submission of real property statements for Rethymno (Crete) and Cyclades
Authors: Kimon Tsakiris, Katerina Politi
In relation to the progress and completion of the project of the National Cadastre, on Wednesday, June 30, 2021, commenced the collection of ownership statements for the areas of Rethymnon. The deadline for submitting declarations for the area of Rethymnon ends on 30.09.2021 for the residents of Greece and on 30.12.2021 for those permanently residing abroad and the Greek State.
Also, on Monday, July 5, 2021, the collection of property declarations for the area of the Cyclades islands began. The deadline for submitting declarations for the Cyclades ends…
Lease of Office Buildings and Business Premises in the Future
On 19 June 2021, the Act amending the Housing Act (Zakon o spremembah in dopolnitvah Stanovanjskega zakona; SZ-1E) entered into force.
