Firms To Watch: Real estate and construction

Milosevic Law Firm‘s real estate and construction team is headed by senior counsel Dušan Vukadin, who advises large corporate clients in Serbia and regionally on real estate acquisitions, leases, construction, and project financing.

Firms in the Spotlight Real estate and construction

Radoicic & Associates Law Office

Radoicic & Associates Law Office logo

Radoičić & Associates Joint Law Office has been operating for many years with its headquarters in Belgrade. In the course of our business, we have achieved successful business cooperation with numerous companies. We successfully provide legal services in all fields of law. Our Law Office is particularly specialized in the fields of Projects and energy; …

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Real estate and construction in Serbia

BDK Advokati AOD

The ‘most reliable team for complex real estate transactions in Serbia‘, BDK Advokati AOD acts for large real estate investors on real estate developments, such as retail and residential projects, along with real estate acquisition projects. The team also assists with negotiating office and retail leases, and has an enviable reputation for contentious construction work. Dragoljub Cibulić is a greenfield real estate, energy and infrastructure project expert, while Milan Dakić is ‘an exceptional lawyer‘. Senior associate Đorđe Zejak advises on the sale of both individual assets and real estate portfolios.

Practice head(s):

Dragoljub Cibulić; Milan Dakić

Other key lawyers:

Đorđe Zejak; Tijana Kojović


‘The most reliable team for complex real estate transactions in Serbia. It stands out for its availability, responsiveness, and outstanding expertise in construction contracts and arbitration.’

‘Commercial sense and ability to adapt advice to changing circumstances.’

‘The team looks at things broadly and from all angles, and its advice is always complete, useful, precise and to the point.’

‘Fast and accurate, keeping clients’ expectations to a realistic level while adjusting strategy to the local laws.’

‘Dragoljub Cibulić provides the best support during negotiations and understands the client’s needs very well.’

‘Milan Dakić is an exceptional lawyer, who is calm and efficient even under very tight deadlines, and always available to provide precise and quality legal advice.’

‘Tijana Kojović is a superb lawyer who always goes one step beyond when it is in the best interest of the client.’

‘Senior associate Djordje Zejak is very responsive, has in-depth legal knowledge, and a great understanding of business.’

Key clients

Indotek Group



Metito Utilities

CEECAT Capital



Nomad Foods

EPAM Systems

MK Group

China Road and Bridge Corporation






Enlight Renewable Energy

Aviv Arlon


Work highlights

  • Advised Indotek Group on the Serbian aspects of the acquisition of GTC’s office portfolio, one of the CEE market’s largest real estate transactions of recent years.
  • Advised VGP on the development of logistics parks in Serbia.
  • Advising Decathlon on negotiating the lease agreement for its second big box shop in Belgrade.

Karanovic & Partners

With a real estate practice covering Serbia, Croatia, Slovenia, Montenegro, North Macedonia, Albania, and Bosnia and Herzegovina, Karanovic & Partners is highly rated for sizeable cross-border projects. The practice fields experts in real estate transactions, finance, leases, and construction work. Recently-promoted partner Ana Luković heads up the real estate department of the firm’s regional practice, and the broad expertise of senior partner Miloš Vučković includes real estate projects. Senior associate Milorad Gajić advises on investment sales and acquisitions, restitution claims, property developments, construction contracts, hotel operation agreements and property joint ventures.

Practice head(s):

Miloš Vučković; Ana Luković

Other key lawyers:

Milorad Gajić

Key clients


Epic Games

Africa Israel Group



Bechtel International





Work highlights

  • Advising BIG CEE on several real estate acquisitions in the region, including the purchase of Plaza Kragujevac and Kruševac Shopping Centre from NEPI.
  • Advises Epic Games on a number of real estate- related matters, including the negotiation of the lease agreement for premises at the Science and Technology Park in Novi Sad, and the construction of a campus in Novi Sad.
  • Advising Airport City Belgrade doo Beograd (part of Africa Israel Group) on an ongoing basis, including the full scope of real estate issues.

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz

With a ‘very good understanding of the real estate sector‘, Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz‘s recent track record includes advising on substantial commercial real estate matters involving the retail, hotels, leisure, office and logistics sectors. In addition to leading the real estate and construction team, real estate transactions expert Ivan Gazdić is infrastructure and projects head. Promoted to counsel in September 2022, the ‘experienced, responsive and smartMarija Marošan regularly advises international clients on sales, acquisitions, leasing, property developments, and construction (including zoning, permitting and contracts).

Practice head(s):

Ivan Gazdić

Other key lawyers:

Marija Marošan


‘Very good understanding of the real estate sector, which is very important and saves time.’

‘The team comprises competent lawyers who provide sound and smart business advice.’

‘Very responsive, very experienced, very practical and very cost-conscious – a one-stop-shop.’

‘Ivan Gazdić is a senior legal expert who assists clients on projects. He is always willing to go the extra mile to help meet objectives, and is a pleasure to work with.

‘Counsel Marija Marošan works closely with Ivan Gazdić on different real estate and construction projects. She is experienced, responsive and smart, and also efficient and solutions oriented. They make an excellent team.’

Key clients


UGT Renewables


Profine Group

Ahold Delhaize

Škoda Transportation

fischer automotive systems GmbH & Co KG


UniCredit Bank

LEAR Corporation

Ardagh Group


Best in Parking – Holding AG

Elicio NV

Work highlights

  • Assisted Hystead with the sale of Belgrade’s Delta City shopping mall.
  • Advising UGT Renewables on the energy, real estate, construction and corporate aspects of the development and construction of solar power plants in Serbia.
  • Advising Hansgrohe on its investment in a new manufacturing plant in Serbia.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s ‘experienced real estate and construction lawyers‘ routinely advise on major commercial property transactions in Serbia and the region, in relation to shopping centres, office buildings and infrastructure projects. The firm also houses experts in FIDIC-based construction and distressed real estate deals. Ivan Pantović‘s longstanding client list includes international retailers such as Lidl, Slaven Moravčević is a renowned real estate development project specialist, and Ivana Panić specialises in construction law. Dijana Grujić is a ‘very responsive‘ attorney at law.

Practice head(s):

Slaven Moravčević; Ivana Panić

Other key lawyers:

Ivan Pantović; Dijana Grujić; Andrej Zorić; Miloš Laković


‘Dynamic and full-service law firm that is proactive and client minded.’

‘Great understanding of law across the Balkans.’

‘Experienced real estate and construction lawyers who provide prompt responses and analysis based on their huge general knowledge from practice.’

‘Ivana Panić  has considerable expertise in FIDIC contracts and negotiations, and provides excellent guidance.’

‘Ivana Panić has a great understanding of the principles of FIDIC.’

‘Ivan Pantović is a real estate and construction expert. Clients can always feel confident once they receive his advice.’

‘Miloš Laković ensures a fully client-oriented approach.’

‘Clients especially praise attorney at law Dijana Grujić, who proactively informs clients on the legal changes that could impact on their business. She is very responsive at any moment, and clients know they can rely on her for any issue they have.’

Key clients



Naftna industrija Srbije

Parking Servis




NEPI Rockcastle


AmRest Holdings SE

The European Bank for Reconstruction and Development


Hidroelektrana Dabar doo Trebinje

Xprimia Group

Work highlights

  • Advising Hyatt on the franchising arrangement with Montenegrin company Krolbay doo.
  • Advised Alstom on various aspects of its involvement in the Belgrade Metro project.
  • Advising Naftna industrija Srbije on day-to-day operational matters, including corporate and regulatory legal issues.

Bojovic Draškovic Popovic & Partners

Bojovic Draškovic Popovic & Partners‘ ‘dynamic team of attorneys‘ are well known for advising on the real estate aspects of business changes and restructuring. Such work frequently concerns mergers, takeovers, joint ventures, spin-offs, and business unit outsourcing. Heading the department, the ‘truly outstandingMarija Bojović is a real estate and construction specialist, and at senior associate level, Mario Kijanović ‘has a lot of experience‘. Clients additionally benefit from the firm’s involvement in modernising Serbia’s infrastructure, real estate, energy and transportation development framework, through Kijanović’s current presidency of the FIC Serbia Infrastructure & Real Estate Committee.

Practice head(s):

Marija Bojović

Other key lawyers:

Mario Kijanović


‘Very well-known and reputable law firm in Serbia.’

‘Dynamic team of attorneys with strong educational backgrounds.’

‘Collaborative, providing creative and practical solutions.’

‘Marija Bojović is truly outstanding, competent, reliable, and vastly experienced.’

‘Senior associate Mario Kijanović is very professional and responsible, and with a lot of experience for a young lawyer.’

Key clients

BMM Logistics


Solarina doo

Submarine Burger Center

CWPR Services

Carazo Enterprise

Kima Solar




Zlatni lav Farmacy chain

Medica doo


Eurolog system

Work highlights

  • Advising Solarina on the development of a large solar park in Serbia.
  • Advised Puratos on the negotiation and conclusion of a build-to-suit agreement, which will regulate the construction of a production and warehouse facility.
  • Advising BMM Logistics (BMM), a Chicago-based logistics and transportation business, on the real estate aspects of a transaction, through which BMM Logistics is acquiring a significant target in Serbia.

BOPA Bojanovic & Partners

One of the Serbian market’s leading real estate firms‘, BOPA Bojanovic & Partners, a founding member of the Adriala law firm alliance for South-East Europe, fields experts in real estate acquisitions and project developments. Other notable areas range from project and real estate finance, to construction, PPPs, FIDIC matters, and construction and real estate-related litigation. ‘A results-driven lawyer who has created the most amazing team‘, real estate and construction department head Vladimir Bojanović is regularly instructed by international clients to act as lead legal counsel during the negotiation of cross-border deals.

Practice head(s):

Vladimir Bojanović

Other key lawyers:

Tanja Dugonjić


‘Simply the best – its portfolio of clients is the strongest on the market.’

‘As a team, it always meets the bank’s requirements – very prompt in resolving requests, and professional and cooperative. Possesses all the qualities, both professional and personal, that colleagues, associates and, above all, people should possess.’

‘Unrivalled cross-jurisdictional experience.’

‘One of the Serbian market’s leading real estate firms – highly recommended.’

‘The team serves the largest real estate developers in the world and Vladimir Bojanović is the most experienced lawyer in the market.’

‘Vladimir Bojanović is an eminent real estate lawyer, who works with the largest developers and banks.’

‘Vladimir Bojanović dominates the market.’

‘Vladimir Bojanović is a results-driven lawyer who has created the most amazing team.’

Key clients

NLB dd Ljubljana


Doklestic Repic & Gajin

One of the Serbian market’s most skilful teams‘, Doklestic Repic & Gajin‘s real estate, projects and energy department is instructed by international law firms, corporations investment funds and banks as lead regional counsel on multi-jurisdictional projects in the Adriatic region. Its expertise covers acquisitions of real property and assets, project structuring, energy and infrastructure projects, and financings. It also assists with complex project agreements, in addition to advising large investors on mining projects. Milos Pandzic is ‘one of the market’s best lawyers‘, while Slobodan Doklestic is also a key partner.

Practice head(s):

Milos Pandzic

Other key lawyers:

Slobodan Doklestic; Aleksandra Stojanovic


‘The real estate practice group is one of the Serbian market’s most skilful teams. Also, the technical level at the firm is great and the drafting skills are superb, even for the most complicated legal documents.’

‘A professional and responsive team that has always billed fairly and efficiently.’

‘The team is highly competent and very innovative in resolving the most complicated real estate and construction issues, especially given the very frequent obstacles that arise.’

‘Clients are very pleased to have such pragmatic and problem-solver attorneys by their side.’

‘Milos Pandzic is an extraordinary professional who knows exactly how to tackle any legal enquiry, always bringing up any potential legal risks, as well as proposals for their mitigation.’

‘Clients definitely have full confidence in any advice Milos Pandzic provides in relation to the real estate and construction sector – one of the market’s best lawyers.’

‘Slobodan Doklestic impresses with his ability to provide valuable and practical insights into a spectre of legal matters.’

Slobodan Doklestic and Aleksandra Stojanovic show a professional approach to very complicated real estate enquiries, and are able to suggest very pragmatic and safe solutions.

Key clients

Philip Morris



Ingenico Group



Budamar Logistics

UnifiedPost Group


Beluga Group


VisionFund International

Balkan Gold

DTD Group

G4S Secure Solutions

Farmalogist Holding

Agroinvest Fund

Al Rawafed Serbia

Ideattack Inc


USTAY Construction





Radisson Collection Hotel



Soft Investment Group


China Huadian Hong Kong Company

Al Fozan Holdings

Beijing New Building Materials

Tahal Fideco

Cofa Games

Apton Renovatio

eLog Adria

Go2Power Consulting

Work highlights

  • Advised Beijing New Building Materials on its $60m investment in a joint venture with a mine and thermal power plant in the Republic of Srpska.
  • Advised BalkanTel on the realisation of a €60m project for the rehabilitation and modernisation of southern Serbia’s railway.
  • Advised Beluga Group on a high-value acquisition of alcoholic beverage production facilities.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners‘ ‘level of legal expertise in real estate and construction is second to none‘. Instructed by contractors, and state-owned and private employers, the practice has a strong reputation for infrastructure development projects in both Serbia and Montenegro. Milan Joksović advises multinationals on strategic real estate issues, such as relocations, factory construction projects, purchases, and commercial leases; and Petar Stojanović also has an active real estate practice. The second line of practitioners features Srdjan Tolpa, whose experience includes land acquisitions, and real estate and infrastructure project expert Goran Vučić.

Practice head(s):

Milan Joksović; Petar Stojanović

Other key lawyers:

Srdjan Tolpa; Goran Vučić; Dragan Psodorov


‘JSP provides comprehensive legal advice with a deep understanding of the construction industry.’

‘Punctual, efficient and available to clients.’

‘Clients feel safe in the team’s hands when it comes to legal matters.’

‘The level of legal expertise in real estate and construction is second to none.’

‘Petar Stojanović and Goran Vučić are both great professionals who are dedicated to protecting clients’ interests.’

‘Petar Stojanović and Goran Vučić’s honesty, punctuality, thoroughness and high levels of legal expertise have been fundamental for the firm’s longstanding relationships with clients.’

‘Dragan Psodorov is a very experienced lawyer, who has great knowledge of construction law and the industry. At the same time, he is fast and efficient, and provides precise advice.’

‘Dragan Psodorov is recommended to any player in this field that needs legal advice in Serbia.’

Key clients

The Government of Montenegro

Robert Bosch

Infrastructure Development and Construction

Sonuba doo – Member of Mercury Group

Qatari Diar Montenegro

IT Tel

BSH Hausgeräte



Kamen i Pesak (Kirchdorfer Kies und Transportbetonholding)


Farmina pet foods

Regent Lighting




Teknoxgroup Srbija

Sandvik Minining and Rock Technology

Asmec Consulting

Dynamic Technology

Unicus Emea doo Beograd

Work highlights

  • Continues to advise the Government of Montenegro on the implementation of the contract for the construction of the Bar-Boljare highway.
  • Advised Infrastructure Development and Construction on the construction, maintenance and finalisation of the Serbian part of the Turkish Stream gas pipeline project.
  • Advised Koepfer on the acquisition of state-owned land and the construction of a factory in Serbia.

JPM & Partners

Well-versed in all kinds of real estate projects‘, JPM & Partners‘s practice is experienced in strategic projects, PPPs and concessions, in addition to real estate and construction matters. Recent highlights include advising on the acquisition of bankruptcy-related real estate, due diligence work, greenfield projects, lease agreements, and asset and share deal transactions. Team head and ‘excellent lawyerIvan Petrović focuses on real estate, construction contracts, permitting, PPPs, restitution and litigation. ‘Someone clients enjoy working with‘, senior associate Marija Vukčević is experienced in spatial planning, PPPs and construction law.

Practice head(s):

Ivan Petrović

Other key lawyers:

Marija Vukčević; Aleksandar Popović; Marko Mrđa


‘A first choice for real estate transactions.’

‘The team is well-versed in all kinds of real estate projects, and provides excellent quality for the price.’

‘Ivan Petrović is an excellent lawyer. With his good commercial sense, clients can always rely on his legal advice.’

‘Aleksandar Popović possesses wide experience in real estate, commercial, and litigation matters. He manages to make even the most complicated matters look straightforward and easy to solve. His responses are always to the point and easy to understand.’

‘Senior associate Marija Vukčević is someone clients enjoy working with. She is very efficient, systematic, and precise, and she leaves no stone unturned.’

‘Senior associate Marko Mrđa is an excellent choice. He is experienced, and with great legal knowledge and an excellent work ethic.’

Key clients



PSG Banatski Dvor







Work highlights

  • Advising Mondada Investment on the sale of a prime location in Belgrade.
  • Advised BG UrbanLux on the acquisition of leisure facilities.
  • Advised PSG Banatski Dvor on a project involving the expansion of underground gas storage.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss‘s Belgrade practice is experienced in handling large-scale, cross-border deals. The team covers sales and purchases, planning, zoning, design, construction and developments. It also fields specialists in leases, asset management, finance, litigation and tax. Austrian and Serbian law-qualified Belgrade office managing partner Miroslav Stojanović regularly acts on high-stakes transactions; and experienced counsel Vidak Kovačević advises international and local clients on significant real estate deals in Serbia. Fellow counsel Aleksandar Ristić and experienced senior associate Marko Tešanović are also active team members.

Practice head(s):

Miroslav Stojanović, Vidak Kovačević

Other key lawyers:

Aleksandar Ristić; Marko Tešanović; Tatjana Radivojević


‘Precise opinions and practical solutions.’

‘Miroslav Stojanović – fast feedback, and sound knowledge of real estate law combined with excellent market knowledge.’

Key clients

Toyo Tire Corporation

Suez Groupe

Marguerite Fund

I-Environment Investment

Beo Cista Energija doo

Erste Group Bank

UniCredit Bank Srbija

Erste Banka Novi Sad

Komercijalna banka ad Beograd

NLB dd Slovenia

Immorent Singidunum doo

UniCredit (Milan)

Unicredit Serbia jsc

Vig Real Estate doo Belgrade

C&A Mode Gesellschaft

Work highlights

  • Advised Toyo Tire Corporation on its €382m greenfield investment into Serbia, which involved the construction and operation of a factory for the production of tyres.
  • Advised the consortium of Suez Groupe SAS, I-Environment Investments and Marguerite Fund on a €330m project involving the construction and operation of an energy-from-waste facility.
  • Advised multinational bank syndicate Erste Group Bank, UniCredit Bank Srbija, and Erste Banka ad Novi Sad on the planned refinancing of the Ušće Shopping Center and the development financing for the Ušće Office Tower 2.

MVJ marković vukotić jovković

Taking a ‘proactive approach to large and complex real estate transactions‘, MVJ marković vukotić jovković advises developers, contractors and architects on real estate and construction matters. The team’s expertise covers contracting, FIDIC matters, claims management, and property developments. It also assists with the day-to-day aspects of real estate and construction projects. Managing partner Uroš Marković is a specialist in major regional real estate deals, while Nikola Vukotić advises on the development of residential, office, leisure, retail, mixed-use, industrial and hotel projects. Lazar Todosijević and Marija Grujeska are active senior associates.

Practice head(s):

Uroš Marković; Nikola Vukotić

Other key lawyers:

Lazar Todosijević; Marija Grujeska


‘Always there for clients, its flexibility and availability are outstanding. The lawyers use language that, while still very professional, is ultra clear and easily comprehensible.’

‘MVJ has the best real estate legal team on the market.’

‘MVJ stands out, not only in terms of purely legal knowledge, but also because of its experience and proactive approach to large and complex real estate transactions.’

Key clients


Viber Media


Big Shopping Centers Israel

BIG CEE Srbija


ACCOR Hotels


Yunex Traffic

Siemens Energy




Irma Investments


MK Group

Victoria Group

CE Industries



China State Construction Engineering Corporation

Irma Investments

Medicated doo

Work highlights

  • Advised Shandong Hi-Speed Group Co on a concession contract for the construction, operation and maintenance of the Banja Luka – Prijedor – Novi Grad highway.
  • Advised IKEA Srbija doo on the development and opening of a retail park in Belgrade.
  • Advised Valastone on its development of a luxury residential complex.

AVS Legal

The real estate practice at AVS Legal advises on commercial real estate work involving construction agreements, acquisitions, and project development and financing. The team also leverages the expertise of its finance, litigation and corporate departments during major real estate projects. Mirko Vasilić is a specialist in real estate-related investments, sales and purchases, while Dejan Perić is experienced in greenfield investments. Tijana Arsić and Siniša Šoškić are key attorneys at law.

Practice head(s):

Mirko Vasilić

Other key lawyers:

Dejan Perić; Tijana Arsić; Siniša Šoškić

Key clients

Penta Ge Co

Milani Technical Contractor doo

GF Longhi Impianti doo

CBS International doo


Work highlights

  • Advised Milani Technical Contractor doo and GF Longhi Impianti doo (as subcontractors) on the construction of the St. Regis Belgrade building and The Residences at St. Regis Belgrade.
  • Advised CBRE on the acquisition of land in Kragujevac for the construction of a facility for the production of prefabricated concrete.
  • Advised Penta Ge Co on negotiations with investor Udi B East doo Beograd, in relation to a residential-business complex in New Belgrade.

BIT Law Office

Making ‘exceptional efforts for clients‘, BIT Law Office‘s construction and real estate team covers transactional and acquisition stages, and engineering and construction contract negotiations. It also assists with managing legal issues during projects, and acts in international dispute adjudication board, mediation and arbitration proceedings. Construction and real estate law specialist Katarina Obradović Baklajadelivers great results‘, while Boris Baklaja‘s clients include international real estate developers and investment funds.

Practice head(s):

Katarina Obradović Baklaja

Other key lawyers:

Jovan Crnogorcevic; Branislav Marjanovic; Milos Nikolic


‘Provides constant legal support during projects.’

‘A team of very experienced professionals in relation to all aspects of construction and real estate projects, as well as dispute resolution in the construction sector.’

Provides a high-level and one-stop-shop service, with the ability to deliver strategic advice and understand clients’ projects.’

Clients treat the lawyers as partners and not just legal service providers.

The approach to work and willingness to make exceptional efforts for clients are not things that in-house lawyers see very often. The seniority of the team members, with partners directly involved, also makes a difference.

‘Katarina Obradović Baklaja’s combined expertise of FIDIC-based contracts and in-depth knowledge of Serbian governing law is essential.’

‘Clients appreciate Katarina Obradović Baklaja’s strategic approach and her great communication and negotiation skills. She has things under control, and her calm and professional approach delivers great results during negotiations.’

‘Boris Baklaja’s expertise in arbitration and dispute resolution is very important and valuable, because dispute resolution mechanisms are crucial for these types of agreements – he is very experienced, dedicated and efficient.’

Key clients

PUC Belgrade Metro & Train

Moj Krov doo

Klanica Velika Plana

Work highlights

  • Advising PUC Belgrade Metro and Train (as employer) on all stages of its project development.
  • Advising Moj Krov doo on the development of a greenfield residential project in Vrnjacka Banja.
  • Advising Moj Krov doo on the development of two greenfield residential projects in two of Belgrade’s prime municipalities.

MMD Advokati

In May 2022, MMD Advokati changed its name to MMD Advokati. The six-strong real estate department regularly advises major international clients on significant greenfield investments, commercial leases and asset deals, such as sales of real estate portfolios. The team continues to be headed up by Veljko Dostanic, whose track record includes real estate projects involving the construction of factories, production plants, retail parks, retail facilities and supermarkets throughout Serbia.

Practice head(s):

Veljko Dostanic

Other key lawyers:

Uroš Žigić


‘Professionals who are proactive experts’

‘Proactiveness specialists who never give up.’

Key clients

Knjaz Milos

Marbo Product


RTE International

Crédit Agricole

Halo Consulting


Bilfinger Tebodin

Millennium Team



Accor Hotels Group

Robert Bosch


French Embassy In Belgrade

Havas Group


Acolin Infotech

MG Precast

Fela Planungs

SK Pharma

Letač Construction

Alemani Trade



AS 24 (TOTAL Group)

Rhenus Partnership

Blitz Group



Work highlights

  • Advising KESZ Properties, as investor, on the development of a huge residential complex in Belgrade.
  • Advising Bilfinger Tebodin on an EPCM contract for a waste management PPP project.
  • Advising MG Precast on a tyre factory construction project.

NKO Partners

NKO Partners‘s practice recently experienced growth in relation to industrial park development projects. The team’s workload comprises the structuring and negotiation of share and asset deals, real estate due diligence, and assisting with construction permit processes. It also advises real estate developers on long-term lease agreements with large foreign investors that are active in the manufacturing and production sectors. Djordje Nikolic focuses on real estate, construction and finance law.

Practice head(s):

Djordje Nikolic


‘The team led by Djorde Nikolic is very proactive, and has demonstrated deep legal knowledge of complicated legal matters.’

‘Djorde Nikolic’s experience and practical approach are rare qualities for a lawyer.’

Key clients

CTP Group

METRO Cash & Carry

Dr Max

Belgrade Waterfront/Eagle Hills

BHM Group






Nikcevic & Kapor

Nikcevic & Kapor is a real estate, construction, and projects and infrastructure boutique that acts for SPVs, public sector organisations, consultants, contractors, specialist subcontractors, designers and investors. Both Jovan Nikcević and Vlado Kapor worked for 12 years at the Energoprojekt Group, a South East European multinational construction and engineering company. Nikcević specialises in real estate and construction, international projects and dispute resolution, and Kapor’s practice covers land acquisitions, licensing and developments.

Practice head(s):

Jovan Nikcević

Other key lawyers:

Vlado Kapor; Matija Savović; Filip Živanović; Nevenka Milovanović


‘The most visible strength is the firm’s long office inside a big construction company. It is obvious that these lawyers learned the business from within inside a corporation that handles major works all around the world. This is also visible from the fact that the partners of the firm are very familiar with international standards such as FIDIC conditions.’

‘A law firm that is dedicated to its clients. Excellent, both in terms of quality of advice and responsiveness.’

‘Impressive writing skills and ability to administer the project’s everyday needs accurately, on time, and efficiently.’

Key clients

Rio Tinto Rio Sava Exploration

China State Construction Engineering

GCL Intelligent Energy (Suzhou) Co


BEUMER Minerals & Mining

Beo Čista Energija

Energo Nigeria


Homework Development

Temme Obermeier

3 Lite



M Enterijer

CBC Concept

Kodar Energomontaža





Work highlights

  • Advising Rio Tinto Rio Sava Exploration on the development of the high- profile Jadar project to exploit a world-class lithium-borate deposit in western Serbia.
  • Advising Beo Čista Energija (an SPV comprising SUEZ, Itochu and Marguerite Fund) on the €370m construction project for a sustainable landfill and energy-from-waste facility.
  • Advising engineering and construction company Energo Nigeria on the construction of a facility, which is part of the Free Trade Zone Calabar (Nigeria) project.

SOG Law Firm

SOG Law Firm‘s ‘amazing team of lawyers‘ are experienced in real estate-related M&A deals. Other notable areas include the sale and acquisition of portfolios and individual assets, finance and real estate development, along with leasing, structured finance, partnerships, and joint ventures. Miloš Gledović‘s experience includes managing a large real estate portfolio for an international food retailer. Senior associate Nemanja Providžalo specialises in both transactional work and project development.

Practice head(s):

Miloš Gledović

Other key lawyers:

Nemanja Providžalo; Milan Samardžić


‘This amazing team of lawyers represents clients with integrity.’

‘It is to the great benefit of clients that the team has such international experience and great expertise.’

‘Fully trained to operate swiftly. Clients are very satisfied with the services provided – extremely versatile in terms of prompt action.’

‘Milan Samardžić is an ideal partner to have on clients’ side. He is highly organised and capable of handling various issues simultaneously.’

‘Given that Milan Samardžić is well versed in real estate and construction matters, Milan smoothly coordinates projects, seeing them through to successful completion. Only the best words for this expert.’

Key clients


Lafarge (Holcim Group)

Kuehne + Nagel

NLB Banka

MPC Properties


Kadena Properties

FCC Group

Outsource Insurance Professionals

Merkury Market

Alca Trgovina


KF Finance


Jewish Municipality of Belgrade


East Balkan Properties

Bravos Holding

Compact Industry



Transperfect Translations

Tiola Wind

Work highlights

  • Advised MPC Properties on the acquisition of Delta City, a shopping mall in Belgrade.
  • Advising Kadena Properties on the set-up of a joint venture company for the development of a business and residential complex.
  • Assisting Tesla with entering the Serbian market and launching its fast-charging stations in Serbia.

Stankovic & Partners (NSTLAW)

With ‘a profound understanding of the market‘, Stankovic & Partners (NSTLAW) advises on sizeable corporate real estate deals. Major international investors also instruct the group on portfolio management work, while high-stakes projects and regulatory matters are other key specialisms. The track record of name partner and practice head Nenad Stankovic includes advising an international real estate developer on a substantial mixed-use project. Senior associate Andjelka Radovanović regularly handles real estate matters.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Andjelka Radovanović; Sara Pendjer; Mitar Simonovic; Jelena Zivkovic


‘Excellent, dedicated, responsive team with a profound understanding of the market.’

Key clients

GOPA (Germany)

Crveni signal

Sitel DOEL

Beauvallon Europe

Brif Tres doo Beograd

Brif-TC doo, Beograd

Aelius SARL Luxembourg


Uniqa Insurance

Coropi Holdings

Kalemegdan Investments


Work highlights

  • Acting for a waste disposal company (alongside an international firm) in a dispute over land in central Belgrade.
  • Advising Heta asset resolution (a wind-down company owned by the Republic of Austria) on various issues regarding the leasing, management and disposal of real estate assets (following the 2014 dismantling of Hypo Alpe-Adria-Bank International).
  • Acting for real estate investor BRIF TRES (and its wholly-owned subsidiary BRIF T-C) (alongside two international firms) in a €300m claim over land that brought a halt to the construction of a shopping centre in Belgrade.

Vukovic & Partners

The real estate practice at Vukovic & Partners assists with negotiations, preliminary contracts and the sale of properties. The team also advises on licensing, zoning and registration procedures. It additionally has real estate-related capital markets expertise, as well as a specialism in advising shopping malls management firms and shopping centre investors. Department head Jovana Čapaković is ‘characterised by excellent organisational skills‘, while Dejan Vuković advises on real estate and construction projects.

Practice head(s):

Jovana Čapaković; Dejan Vuković

Other key lawyers:

Predrag Stojanovski


‘Expertise and approach that is professional, but also friendly and personal.’

‘Availability and speed in its communications – a team that is extremely competitive compared to others.’

‘Clients are extremely satisfied with the team.’

Key clients

P&O Ports FZE

Jelen Do

Niksen Investment

Bermilton Group

Zoned Group


Orei Ada Development

Homes and Villas Three

Kopa Investments Corporation

Eurobau Connect AG Ltd Belgrade

NURDOR – National Association of Childhood Cancer Parent Organisation of Serbia

Fides Imobilia Management

Glob Metropoliten


OBMS Development

Project Consultum SRB

Link Group

Embassy of Polish Republic in Belgrade

Ocean Development

AG Internacional BGD

Ocean Immobilities

MDM Prior doo

Ocean CVP Development

Ocean CD 86

Timwn Invest Professional 2016

Progressive Bg Group

Ocean Real Estate Investments

Ocean Ideas


Jugo Kaolin

Terra Properties


Hesiod Financial Services

Work highlights

  • Advising Kopa Investments Corporation on the development and construction of tourist apartments and a commercial complex.
  • Advising LANS 2105 on the construction of a hospitality resort in a popular mountain and ski resort in Serbia.
  • Advising Tomnix Belgrade on the development of a retail park in Loznica.

Andrejic & Partners

Acting for both international and domestic companies, Andrejic & Partners‘ real estate department is headed by managing partner Aleksandar Andrejic, who advises on the entire real estate life cycle, including property acquisitions, construction, financing and leasing. Vladimir Peric‘s track record includes project developments, and the sale and purchase of properties.

Practice head(s):

Aleksandar Andrejic

Other key lawyers:

Vladimir Peric; Marko Stojanovic


‘Good and resourceful!’

‘Valued for its professionalism, expediency and good communication.’

‘Very professional approach and a very experienced team.’

‘Significant experience in large-scale transactions while handling small deals on a daily basis with equal dedication and efficiency.’

‘Aleksandar Andrejic is an outstanding lawyer in the real estate area. He is very knowledgable and experienced, and provides fast and commercially oriented advice when needed.’

‘Aleksandar Andrejic is a top real estate lawyer.’

‘A great and strong team of knowledgeable individuals led by Aleksandar Andrjeic, a very experienced real estate lawyer.’

Aleksandar Andrejic and associate Marko Stojanovic lead the way and help clients’ business in the most practical way!’

Key clients

Log Center Airport

Adventis Real Estate


Guclu Insaat Makina

IGT Group


Bega ING

Logmaxx doo

Eyemaxx Real Estate AG

Eyemaxx International Holding & Consulting

Ered Netherlands BV II

Log Center doo

Imlek AD

Edward Vermeer

STK Engineering


Villa Dincic doo Silver Lake

Jugoslovenski institut za urbanizam i stanovanje doo, Beograd

OXO Capital doo

DEC International Netherland

Triglav Nepremencine dd Slovenia

Logmaxx Alpha AD

Logmaxx Beta doo

Villa & Spa Stevic

Gregorc Vinko

Agentservis doo

Edward Vermeer

Brazilian Embassy


SimpledCard BV


Cyrillic Software

Blue Dot Software

Eddie Mars Enterprises


Inos Balkan

Smartoffice Coworking

Work highlights

  • Advised Eyemaxx International Holding & Consulting on the potential sale of its Serbian assets.
  • Advised the Embassy of Brazil on leasing the embassy premisses.
  • Advised the Foreign Representative of Michael David Greenfield, aka Michael Ben-Ari (whose Israeli investment company EGFE Israel is suspected of being a large Ponzi scheme in Israel) on the sale of debtors’ real estate assets.

Cvetkovic, Skoko & Jovicic

Experienced in real estate acquisitions and project developments, Cvetkovic, Skoko & Jovicic focuses on retail parks and residential compounds. The team assists with land purchases, urban planning, financing, construction and leasing. Goran Cvetković advises on urban planning, while Mina Skoko‘s experience includes advising on the purchase of a technology camp.

Practice head(s):

Goran Cvetković; Mina Skoko

Other key lawyers:

Jelena Jovičić

Key clients

Big Shopping Centers Israel


Orion Telekom Holdings






Erste Bank

Harrisons Solicitors

The real estate practice of English law firm Harrisons Solicitors stands out for its advice to Emirati clients on agricultural real estate matters in Serbia. The group’s client base also includes several Serbian and international companies. Goran Martinovic advises on real estate and agricultural land projects for Abu Dhabi clients.

Practice head(s):

Goran Martinovic

Key clients

Al Dahra

Al Rawafed

British Embassy Belgrade

Australian Embassy

Havi Logistics

Erste Bank

Clean Earth Capital

The International School of Belgrade


Work highlights

  • Acts for Al Dahra on its complex real estate matters.
  • Advised Al Rawafed on its investments in agriculture, including land purchasing.

Vulic Law

Vulic Law‘s department is led by of counsel Aleksandar Mancev, the former real estate practice head at Prica & Partners. Mancev’s experience covers transactions, and infrastructure and construction projects, along with property development, financing, PPPs and commercial leasing. The practice of managing partner Milos Vulic also includes real estate mandates.

Practice head(s):

Aleksandar Mancev

Other key lawyers:

Milos Vulic

Key clients

International Financial Corporation

Holiday Inn Hotel

In Hotel



Work highlights

  • Advised COFIS, the owner of the Holiday Inn licence, with selling the hotel.
  • Advised the owners of a Holiday Inn with rebranding.
  • Advised the IFC on lease matters in Serbia.