Purchase and regulation of two land plots

29.05.2020

Ilieva, Voutcheva, and Co. Law Firm was assigned by EcoDeposit Ltd., a long-term client, to assist in the purchase of two land plots and their subsequent merger and acceptance of a land-use plan for the construction of a warehouse base for fast forwarding services in a key location in Bulgaria’s capital. We performed thorough due diligence on the real estate, guided the client during negotiations with the selling parties, drafted preliminary agreements for the sale and purchase of the land plots, as well as the final notary deed for the purchase of the land plots and all other necessary documents. We are currently in the process of merging the land plots, performing an in-kind contribution of the real estate with the goal to minimize the risk for the client’s activity while optimizing its corporate structure. Once these steps have been taken, we will guide the client in the process of regulating the land plots with the view of construction of a warehouse base for fast forwarding services.

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