Kinstellar initially advised GTC on the acquisition of the land plots for the construction of the office buildings (Advance Business Center I and Advance Business Center II). Subsequent assistance has included review and modification of GTC’s standard lease agreement from the Bulgarian law perspective and successful lease agreement negotiations with other high-profile tenants, including the World Bank. Advance Business Center II is currently 75% occupied and at completion will offer ten floors of modern office space with a total leasable area of 17,000 sq. metres and three underground levels with 279 parking spaces.
GTC, a subsidiary of US-based invest fund , is a leading CEE real estate investor and developer and one of the most active funds in the region.
The Kinstellar team included Antonia Mavrova (Partner), Head of the local Real Estate and Construction practice, and Atanas Mihaylov (Managing Associate).