Structuring of Real Estate Transactions

Real estate transactions entail substantial costs, some of which are statutory and, for that matter, predictable. The proper structuring of these transactions with a view to the optimization of costs and tax effects for the parties to the deals is always a challenge for investors who are not familiar with the specific features of the domestic legislation. Typically the choice of how to perform a real estate transaction is reduced to the physical acquisition of an asset or the acquisition of shares of the company which is the owner of the asset.

In the course of its work to consult clients in connection with the structuring of real estate transactions, the PM&P team has developed and proposes to clients some alternative arrangements, while identifying the advantages and disadvantages of any of these schemes and the related risks. Depending on the priorities of the client, the team of PM&P recommends the most appropriate structure of the deal by striking the optimal balance between risks and costs on a case-by-case basis.



“Peers respect Milena Gaidarska’s eye for detail: “She pays attention to all aspects and discovers many factors that help client make a decision on their investments.”

“The Penkov, Markov team is one of the best and most recognisable in Bulgaria as regards real estate transactions and development of real estate projects. We have been working with them for a number of years and they have been constantly reliable, with good knowledge of the market and the participants in it; they are business-oriented and able to combine excellent legal expertise and negotiation skills. Also, they are very accessible and always available for assistance in any urgent developments, being able to deal with huge volumes of work and projects at the same time.”