Clifford Chance

Clifford Chance advises Europa Capital on joint venture acquisition of landmark Bulgarian retail park

Clifford Chance has advised European real estate fund managers, Europa Capital, on the structuring of a joint venture for the acquisition of Plovdiv Retail Park in the Republic of Bulgaria. The purchase gives Europa Capital ownership of one of Eastern Europe's largest retail outlets.

The Plovdiv Retail Park, which is anchored by BauMax /Austrian DIY, covers 42,645 sq m of land and is the first commercial retail park of its kind in the Republic of Bulgaria.

Lead London Real Estate Partner, Mark Payne, comments: "We were delighted to work with Henry Morris and Callum Thorneycroft at Europa Capital on a complex joint venture to acquire a property in Plovdiv,  the second largest city in Bulgaria. We worked closely with our colleagues in Clifford Chance's Luxembourg office to complete this  transaction."

Mark Payne was assisted by London Real Estate Associate Giles Deacon, and Luxembourg Corporate Senior Associate Déborah De Gobert and Associate Hélène Arvis.

Europa Capital has invested over €6 billion across 17 countries in Europe in a variety of transactions ranging from single assets and portfolio acquisitions to buy-outs. The company invests on behalf of over 70 international investors drawn from North America, Europe, the Middle-East, the Far-East and Australasia.