Firms To Watch: Real estate and construction

Advising on large and iconic real estate projects in Belgrade and Novi Sad, Isailovic & Partners assists with site acquisition, development, construction, and the sale and leasing phases.
Led by senior counsel Dušan Vukadin, Milosevic Law Firm‘s real estate and construction department is regularly instructed on acquisitions, sales, asset management and development schemes.

Firms in the Spotlight Real estate and construction

Radoicic & Associates Joint Law Office

Radoicic & Associates Joint 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

BDK Advokati AOD ‘s ‘perfectly co-ordinated team‘ has extensive experience in Belgrade’s commercial real estate market. The firm also houses experts in regional construction matters, and has an enviable track record in construction-related arbitration. Co-leading the group are senior partner Dragoljub Cibulić, who is well known for his advice on greenfield real estate, energy and infrastructure projects, and real estate and construction specialist Milan Dakić, who ‘always thinks a few steps ahead‘. At associate level, Đorđe Zejak assists with greenfield developments, commercial leases, and the sale of individual assets and real estate portfolios.

Other key lawyers:

Đorđe Zejak

Testimonials

A perfectly co-ordinated team that works like clockwork, from partner to associate level.

Always ready to push the boundaries, whenever it is in the best interest of the client.

Knowledge, timely responses and dedication.

A highly professional team with excellent knowledge of the local market.

Very responsive and very reliable.

Easy to communicate with.

Always gives well-founded advice – a great combination of sophisticated legal knowledge and understanding of business.

Milan Dakić is a wise, efficient, precise, reliable lawyer, who always thinks a few steps ahead.

Key clients

Indotek Group

Niksen

Nomad Foods

China Road and Bridge Corporation

Decathlon

Aviv Arlon

Harper Properties

Grivalia

Netconomy

Frontier Pharma

Froneri

SADE Serbia

DUAL Asset

Work highlights

  • Advising Hungarian real estate investor Indotek Group on the acquisition of 11 office buildings from Globe Trade Centre.
  • Advising Niksen on the sale of a retail project to an international real estate investor.
  • Advising Aviv Arlon on the completion of residential complex Moj Aviv and the sale of apartments.

Karanovic & Partners

Through co-operation with local lawyers, Karanovic & Partners‘ large regional real estate practice covers Croatia, Slovenia, Montenegro, North Macedonia, and Bosnia and Herzegovina, in addition to Serbia. With such capacity, the firm is able to handle large-scale, cross-border projects on a consistent basis. Founding partner Dragan Karanovic has over 20 years’ experience in advising on energy and infrastructure deals. Promoted to partner in November 2021, Ana Luković‘s workload covers sales and acquisitions, property developments, FIDIC contracts, hotel operation agreements, and property joint ventures. Luković is ‘a real star, who is very knowledgeable‘.

Practice head(s):

Dragan Karanovic; Ana Luković

Other key lawyers:

Milorad Gajić

Testimonials

Responsive, fast, tough and solutions oriented.’

‘A professional team that is into the details.’

One of the best legal practices in the region.

They are very professional and experienced in the real estate and construction field.

Experience, professionalism and great individuals are what makes them one of the best in the legal market.

‘Ana Luković is a real star, who is very knowledgeable, particularly in FIDIC contracts. She is also personable and very easy to work with. I would trust her with any of my construction clients working in Serbia.

Ana Luković provides both legal knowledge and flexible solutions – and is available online, offline, after working hours, and on weekends.

Ana Luković is a real professional, who is easy to communicate with, knowledgeable and very supportive.

Key clients

BIG Shopping centers

Bechtel International

Take Two

Epic Games

Marriott

IKEA

Africa Israel Group

CTP Group

Nutanix

Inditex

Work highlights

  • Advised BIG Shopping Centers on purchasing two projects in Serbia, the Kragujevac Plaza shopping centre and Kruševac Shopping Park.
  • Acting for Bechtel, which (together with Enka) is engaged in the construction of the Morava Corridor, a road connecting Pan-European Corridors X and XI.
  • Advised Epic Games on the construction of a campus in Novi Sad.

Schoenherr North Macedonia

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s ‘outstanding‘ real estate department is routinely instructed on headline commercial property mandates. Its key areas of focus cover shopping and retail centres, office buildings and infrastructure construction. The group’s practitioners are also experts in FIDIC-based construction matters, in addition to distressed real estate. Co-heading the team are retail sector expert Ivan Pantović and real estate development project specialist Slaven MoravčevićIvana Panić is a construction expert, while Dijana Grujić is a ‘very responsive‘ attorney at law.

Practice head(s):

Ivan Pantović

Testimonials

The team is outstanding – highly skilled professionals with great negotiating skills.

The firm has great experience and know-how and specialised departments for different aspects of law, which makes them easy to work with. In addition to their legal knowledge, they have amazing awareness of changes in the market and how the relevant Serbian authorities work, which is very important for doing business in Serbia.

MVP creates teams to match clients’ needs, and within the estimated financial limits.

Good sound knowledge of FIDIC and how it applies in the region.

Ivan Pantović is an excellent lawyer, who pays great attention to details and is very competent. I really admire his responsiveness and availability.

Ivana Panić is a role model as a team leader, with a good sense for workload distribution and control of the goals to be achieved.

Both Ivan Pantović and Ivana Panić are outstanding professionals in the field of real estate and construction. Their advice is always technically impeccable, but at the same time shows excellent business acumen, which is rare to find in real estate and construction lawyers in Serbia.

Dijana Grujić is very responsive – her comments are essential and straight to the point, and she is able to work under time pressure. We like working with her.

Key clients

Lidl

Immofinnanz

OMV

NEPI Rockcastle

AzVirt

AmRest Holdings

The European Bank for Reconstruction and Development

Adient

Hidroelektrana Dabar

Xprimia Group

Work highlights

  • Advising Immofinanz on all aspects of the STOP SHOP portfolio development in Serbia.
  • Advised OMV on the acquisition of over 70 locations in Serbia for the purpose of developing petrol stations, including the reconstruction of existing petrol stations.
  • Advising the EBRD on the development and potential financing for the construction of the main bus terminal/station in Kragujevac.

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

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz‘s has recently been especially active in commercial real estate matters involving the hotels and leisure, retail, office and logistics sectors. Its recent experience also includes advising clients on the sale and acquisition of property in both Serbia and Montenegro. Real estate transactions specialist Ivan Gazdić heads up the real estate and construction (and infrastructure and projects) practices. Providing key support is attorney at law Marija Marošan, who advises international companies on property development, purchases, sales, leasing and construction.

Practice head(s):

Ivan Gazdić

Other key lawyers:

Marija Marošan

Key clients

Poseidon Group

Mitiska REIM

Ahold Delhaize

Banca Intesa

Delta Real Estate

Hilton

Soravia Group

UGT Renewables

Mercuria Energy Trading

EBRD

Raiffeisen Bank Serbia

Knauf

Sberbank

Elicio

UniCredit Bank

Dragon Maritime

Best in Parking – Holding

Eurobank

Work highlights

  • Advised UK company Poseidon Group and Belgium-based Mitiska REIM on the divestment of four retail parks in Serbia to Immofinanz.
  • Advising Ahold Delhaize on leaseback agreements.
  • Advising Banca Intesa and Delta Real Estate on the real estate financing for the development of the Delta Planet Niš shopping mall.

Bojovic Draškovic Popovic & Partners

Bojovic Draškovic Popovic & Partners‘ practice regularly assists with the real estate issues triggered by business changes and restructurings; examples include the real estate aspects of mergers, takeovers, joint ventures, spin-offs and the outsourcing of business units. It is also sought out for its experience in real estate-related disputes. Heading up the team, Marija Bojović has longstanding experience in real estate and construction law and Uroš Popović, who is qualified in both Serbia and the US, adds to the firm’s international credentials. Senior associate Mario Kijanović is also a real estate and construction expert.

Practice head(s):

Marija Bojović

Other key lawyers:

Uroš Popović; Mario Kijanović

Key clients

Data Investment

Dun & Bradstreet

adidas

Cymbria Corporation

Submarine

Kima Solar

Eva Partners

Pepco

Poseidon

Elias Eco

Work highlights

  • Advised Dun & Bradstreet (through an international law firm) on the real estate aspects of its acquisition of data and analytics company Bisnode.
  • Advising Kima Solar on the development of a solar power plant.
  • Advised Cymbria Corporation on the real estate aspects of the acquisition of Inovatec doo Kragujevac.

Joksovic, Stojanovic & Partners

Widely respected for its infrastructure project development credentials, Joksovic, Stojanovic & Partners routinely acts for contractors, state-owned employers and private employers. Areas of focus for the group include land acquisitions, along with the construction of factories and production plants and long-term business premises leases. Milan Joksović consistently acts on strategic real estate matters, and Petar Stojanović is active in both Serbia and Montenegro’s real estate sectors. Also integral to the practice are Srdjan Tolpa, whose practice includes infrastructure projects and other complex real estate matters, and FIDIC-based contract specialist Goran Vučić.

Other key lawyers:

Srdjan Tolpa; Goran Vučić

Testimonials

Very friendly, professional people, who are well organised and have a very efficient work style.

I have very much admired their straightforwardness and honesty in relation to clients.

Firm dedication to providing clients with an accurate and detailed legal analysis of each particular business situation and problem.

Their principle of 24-hour availability in critical situations is very helpful in terms of establishing long-lasting attorney-client relationships.

The team is very professional, highly skilled and efficient.

I can especially recommend Petar Stojanović, whose 30 years’ experience and vast legal knowledge, alongside his punctuality and honesty, separate him from many other lawyers that I know.

Petar Stojanović and Milan Joksović, as well as Goran Vučić, can be praised for being punctual, disciplined and meticulous in their efforts to provide proper legal services to our mutual clients.

Milan Joksović and Srdjan Tolpa both exceeded our expectations.

Key clients

Infrastructure Development and Construction

Government of Montenegro

Robert Bosch

Qatari Diar

IT Tel

DV Technology

BSH Hausgeräte

Jaggaer

Kirchdorfer Kies und Transportbetonholding

Regent Lighting

Ott-tricot

AVAG Holding

Rubau

Teknoxgroup Srbija

Pragmatic Play

Farmina Pet Foods

Work highlights

  • Advised Robert Bosch on the acquisition of land and the construction of a factory for the production of electric motors.
  • Advising Infrastructure Development and Construction (a Gazprom group member) on the construction of the Serbian part of the TurkStream gas pipeline project.
  • Advising the Government of Montenegro on the implementation of a highway construction contract.

JPM Jankovic Popovic Mitic

With credentials in transactions in both the regional and local markets, JPM Jankovic Popovic Mitic‘s department fields specialists in real estate and construction law, as well as strategic projects, PPPs and concessions. The team’s work ranges from conducting due diligence for asset and share deals to advising on greenfield projects, construction agreements, leases and litigation. Group head Ivan Petrović consistently advises major Serbian and multinational companies on complex real estate mandates, construction contracts, permitting and restitution. Petrović is also on hand for real estate-related disputes. Marija Vukčević is a key associate.

Practice head(s):

Ivan Petrović

Other key lawyers:

Marija Vukčević

Key clients

Gastrans

China Shandong International Economic & Technical Cooperation Group

JP Srbijagas

Merkur Games

Horizon Energy

UGS Banatski Dvor

CHP

Elbing Investments

Docker

Work highlights

  • Assisted PSG Banatski Dvor with drafting a complex front-end engineering design (FEED) and early works agreement.
  • Assisted Docker with drafting a long-term lease and construction agreement for the development and operation of a brewery and restaurant in a gastro park in Belgrade.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss‘s property department is headed by Belgrade managing partner Miroslav Stojanović, who is qualified in both Serbian and Austrian law. Consistently involved in sizeable projects, the team advises clients from the earliest phases of project development through to the financing, planning and construction stages. It also assists with the leasing and selling of real estate, as well as real estate and construction-related disputes. With 25 years’ experience, counsel Vidak Kovačević‘s track record includes major real estate transactions in Serbia.

Testimonials

They apply a personal touch to each topic.

Fast reactions with clear answers.

Very open-minded approach.

Vidak Kovačević and Marko Tešanović are careful listeners, who provide deep analyses.

Key clients

Toyo Tire Corporation

Suez Groupe

I-Environment Investments

Beo Čista Energija

Erste Group Bank

UniCredit Bank Srbija

Erste Banka

Komercijalna banka

NLB

Immorent Singidunum

Work highlights

  • Acting as Serbian legal adviser to a consortium of French utility company Suez and Japanese corporation Itochu, and their SPV in Serbia, Beo Cista Energija, as the sponsor on a landmark project involving the construction and operation of an energy-from-waste facility.
  • Advising Toyo Tire Corporation on its high-value greenfield investment into Serbia, comprising the construction and operation of a factory for the production of tyres in the Republic of Serbia.
  • Advising Immorent on the development of a class A office building complex.

MVJ marković vukotić jovković

MVJ marković vukotić jovković‘s ‘always available‘ practice is a popular choice for complex real estate deals and challenging public infrastructure projects. The group comprises construction specialists who advise developers, contractors and architects on contracting, FIDIC matters, claims and property development. It also assists with the day-to-day aspects of real estate and construction projects. Uroš Marković has longstanding experience in advising on real estate transactions in the region, and Nikola Vukotić‘s practice includes residential, office, retail, hotel and leisure projects. Dušan Đorđević is a highly regarded FIDIC specialist.

Testimonials

The team is always available, and I can always rely on getting a quick and accurate answer to any legal question.

We are always impressed with their legal knowledge and ability to structure, draft and execute complex transactions.

We are impressed with the quality of their legal due diligence reports. Unlike any other office on the market, they are able to identify all the risks associated with the target property or company. They also propose ways to exclude or mitigate such risks in a clear and concise manner.

Uroš Marković and Nikola Vukotić are strongly real estate oriented.

Uroš Marković and Nikola Vukotić have great experience and expertise in real estate regulations – they have also developed strong real estate business acumen, so we can communicate with them in very technical real estate language, which is a rarity on the Serbian legal market.

Uroš Marković and Nikola Vukotić have the unique ability to identify all legal risks involved.

Dušan Đorđević excels as a FIDIC expert, such that we have great confidence when we recommend him to all our clients who are tendering for construction contractors or have any construction disputes.’

Key clients

IKEA

Siemens

Valastone

Big Shopping Centers Israel

Accor Hotels

CBRE

Moravacem

Victoria Group

Umka Cardboard Mill

BIG CEE Srbija

Shandong Hi-Speed Group

Optim Project Management

China State Construction and Engineering Company

VGP Group

Excelsa

Afcons Infrastructure

NEPI Rockcastle

H&M

Work highlights

  • Advising IKEA on the development of a retail park in Belgrade.
  • Advising a Swiss real estate fund on the acquisition, financing and development of a mixed-use project.
  • Advising Shandong Hi-Speed Group on a highway construction project.

AVS Legal

Both local and international clients turn to AVS Legal for commercial real estate matters. The practice’s specialisms cover construction agreements (predominantly FIDIC contracts), real estate acquisitions, and the development and financing of projects. It also leverages firm-wide expertise in litigation and corporate law. ‘Exceptionally skilful‘ founding partner Mirko Vasilić regularly leads complex real estate projects both in Serbia and internationally, and Dejan Perić has significant experience in advising on greenfield investments.

Practice head(s):

Mirko Vasilić

Testimonials

Prompt and competent replies with a collaborative and analytical approach.

An open-minded approach to the topics and required details, so as to get the final product right. The team is efficient, committed and trustworthy.

The firm’s biggest comparative advantage is its ability to find innovative solutions to complex problems, as well as its proficiency in effectively managing big, complex projects.

We are highly satisfied with how they communicate and relate with clients.

The team have proven themselves to be exceptionally competent and reliable. They have consistently provided us with the best possible legal solutions, and all of them are exceptionally dependable and attentive to detail.

Mirko Vasilić has proven himself to be exceptionally skilful in his area of expertise. He constantly comes up with unique, creative solutions and strategies.

Dejan Perić has a firm focus on the details and thorough knowledge of the corporate law issues.

Tijana Arsić possesses tremendous writing and drafting skills, as well as the ability to explain complex legal concepts in a simple way.

Key clients

Tigar Tyres (Michelin Group)

Penta Ge

Milani Technical Contractor doo

G F Longhi Impianti doo

Work highlights

  • Advised Tigar Tyres (a member of the Michelin Group) on a project that involves the extension of existing manufacturing capacities and implementation of new technologies.

BIT Law Office

Baklaja Igric Tintor Law Office‘s practice covers acquisitions, complex engineering and construction contracts, and the management of legal issues during the performance of projects. The team also represents clients in international dispute adjudication proceedings, as well as in mediation and arbitration. Heading the real estate and construction group, Katarina Obradović Baklaja is ‘great at anticipating potential risks‘, and Boris Baklaja advises international real estate investment funds and developers.

Testimonials

The team is very experienced, capable, adaptable, professional, and always available.

Always provides us with the best possible solutions.

Their team is very experienced and can address problems from multiple angles.

They are efficient, very responsive and a pleasure to work with.

Their advice is always on time, well presented and well researched. We appreciate their agile and constructive approach to negotiations and the drafting of documentation.

Katarina Obradović Baklaja leads the team, and her expertise in negotiating FIDIC-based contracts is a crucial service for us. She is great at anticipating potential risks and obstacles, and her talent for communication is great.

Katarina Obradović Baklaja has things under control and her approach gives us great results.

With his expertise in dispute resolution and arbitration, Boris Baklaja is a great asset to the team, ensuring that the best dispute resolution solutions are found.

Key clients

PUC Belgrade Metro & Train

ADOC Real Estate

Nova Investment Group

Moj Krov

Klanica Velika Plana

Work highlights

  • Advised PUC Belgrade Metro and Train on the process of engaging an engineer/consultant, including the preparation of technical documentation.
  • Advised Moj Krov on the development of two major greenfield residential projects.
  • Advising Adoc Real Estate on the development of a high-value greenfield residential project.

BOPA Bojanovic & Partners

A founding member of the Adriala law firm alliance, ‘great law firmBOPA Bojanovic & Partners houses specialists in real estate acquisitions, project development, construction, litigation, PPPs and FIDIC matters. The real estate and construction practice also leverages the expertise of the firm’s commercial, corporate and M&A, competition, and banking and finance departments. Leading the practice, ‘great real estate lawyerVladimir Bojanović regularly acts as lead counsel on cross-border deals.

Practice head(s):

Vladimir Bojanović

Testimonials

BOPA is unique to the extent that it really meets high international standards.

A great law firm that we are happy to team up with at any time, and in any field of practice.

Good responsiveness and highly reliable.

A local law firm with an international approach and regional reach.

An extremely strong real estate team.

Exceptional in every way.

Vladimir Bojanović is a go-to lawyer for international firms.

Vladimir Bojanović is a great real estate lawyer.

Key clients

Bothar Group

Yugorosgaz-Transport

NLB Group

DTD Ribarstvo

Thermowatt

Gazprom

Gastrans

Axor holding, upravljanje družb

Work highlights

  • Assisted Gastrans with construction and expropriation issues concerning the construction of a high-value pipeline.
  • Advised Axor holding, upravljanje družb on a complex procedure involving the inscription of real estate in the cadastral register.
  • Advised Theromowatt on complex legal issues involving the exercise of the call option of a lessee to buy leased real estate from the landlord.

Doklestic Repic & Gajin

Hailed by clients as ‘great to work with‘, Milos Pandzic leads Doklestic Repic & Gajin‘s real estate practice, which advises on real property acquisitions, energy and infrastructure projects, and financings. As a result of the firm’s presence in Montenegro and Bosnia and Herzegovina, and wider regional coverage through the Lex Adria network, the practice is frequently instructed by international law firms and clients to act as lead regional counsel on multi-jurisdictional projects. Slobodan Doklestic provides further partner-level support.

Practice head(s):

Milos Pandzic

Testimonials

DRG is well known for its outstanding knowledge of the real estate market.

The team has a very pragmatic approach to finding the best possible solutions, considering all the relevant regulations and the circumstances of each specific case.

They have very strong specialists, who are able to negotiate very complicated deals.

They are always available, friendly and thorough in the advice given.

We are extremely satisfied with the services provided.

The technical level at the firm is great and the drafting skills are superb – even for the most complicated legal documents. We are very happy with the support and advice we get from them.

Milos Pandzic is great to work with – reliable, very professional and responsive when handling all our questions. One of the best lawyers on the market.

Slobodan Doklestic is very punctual, thorough and practical in the advice he gives us. He is the kind of person I would turn to for the most sensitive matters.

Key clients

Philip Morris

NELT

Ingenico Group

WSP UK

UnifiedPost Group

Saint-Gobain

VisionFund International

Balkan Gold

DTD Group

G4S Secure Solutions

Farmalogist Holding

Magna Pharmacia Group

Agroinvest Fund

Al Rawafed Serbia

Ideattack

mCloud

USTAY Construction

EkspresTrade

PRONATAL Group

BalkanTel

Soravia

Radisson Collection Hotel

IVF IMMO

ArchiMedia

Soft Investment Group

AmRest

China Huadian Hong Kong Company

Al Fozan Holdings

Beijing New Building Materials

SEW OIL

Tahal Fideco

Cofa Games

Work highlights

  • Advised Beijing New Building Materials on its $60m investment into a joint venture involving a mine and thermal power plant.
  • Advised BalkanTel on its execution of a €60m public procurement contract for the modernisation and rehabilitation of a railway in southern Serbia.
  • Advised Balkan Gold (the Serbian mining subsidiary of Erin Ventures) on a strategic partnership with a large Canadian investor for the further development of a large mining project in Serbia.

Harrisons Solicitors

The only English law firm in Serbia, Harrisons Solicitors also runs an office from London. In addition to a client base of major international and domestic companies, the firm’s real estate practice acts for an impressive portfolio of UAE-based entities, such as Al Dahra and Al Rawafed. It also has notable agricultural sector-related real estate expertise. Goran Martinovic has extensive experience in advising on property developments and sizeable acquisitions.

Practice head(s):

Goran Martinovic

Key clients

Al Dahra

Al Rawafed

British Embassy Belgrade

The International School of Belgrade

Arcadis Group

Havi Logistics

British Council Belgrade

EBRD

Australian Embassy

Erste Bank

Work highlights

  • Advising Al Dahra on its real estate dealings.
  • Advised the EBRD and Erste Bank on a renewable energy project that involved significant real estate issues.
  • Advising the International School of Belgrade on its property matters.

MMD Advokati

A solid choice to serve clients’ interests in the Serbian market‘, MMD Advokati‘s real estate department is headed up by Veljko Dostanic, who has over 15 years’ commercial real estate experience. Among his notable areas of expertise are procurement issues, real estate transactions, claims management, real estate-related litigation and FIDIC contracts. Attorney at law Uroš Žigić is on hand for both real estate projects and disputes.

Practice head(s):

Veljko Dostanic

Other key lawyers:

Uroš Žigić

Testimonials

MMD has proven to be a solid choice to serve clients’ interests in the Serbian market.

They are proficient, flexible, timely and thorough.

The team provides very practical advice.

For projects and litigation taking place far away from us, MMD demonstrates that our interests are in good hands locally. Their fluent English adds to this feeling of comfort.

We are very pleased to work with Velkjo Dostanic. Veljko is very much in command of the topics that are relevant to our current project.

We feel very comfortable working with Veljko Dostanic – he is very available and proactive, and good at managing the case and timelines, and guiding us through the process. He is also good during discussions with local stakeholders and other counsel.

Veljko Dostanic knows what is important for us, and his hands-on mentality, command of the file and communication skills greatly help us.

Key clients

Barry Callebaut

Robert Bosch

MG Precast

Eurosalon

IPM

Work highlights

  • Assisted Barry Callebaut with its entry onto the Serbian market, including advice on the construction of a chocolate factory.
  • Advised MG Precast on construction works for a large greenfield investment (a tyre factory in Serbia).
  • Advised Eurosalon on the construction of a hotel in a popular mountain resort in Serbia.

NKO Partners

NKO Partners has strong credentials in real estate matters, regularly assisting clients with their interactions with state and administration bodies in relation to registration and construction and occupancy permits. The group also fields experts in urban planning, significant real estate deals, project finance and FIDIC-based construction agreements, and clients look to the team for advice on the tax structuring of real estate transactions. In addition, the practice recently saw an uptick in work relating to industrial park development projects. Real estate, construction and finance expert Djordje Nikolic heads the department.

Practice head(s):

Djordje Nikolic

Key clients

CTP Group

MPC Properties

Dr Max

MOL

INA

Metro Cash & Carry

Talent4Blinds

Novaston

Heineken

Sopharma Trading

SOG Law Firm

SOG Law Firm‘s real estate practice ranges from M&A deals involving public and private real estate companies to sales and acquisitions of property portfolios and single assets. The group also covers financings, developments, leasing, and joint ventures and partnerships. Clients additionally appreciate the firm’s expertise in property rights disputes. Miloš Gledović routinely acts for real estate developers, retailers, banks and industry professionals on an array of real estate-related matters.

Practice head(s):

Miloš Gledović

Other key lawyers:

Nemanja Providžalo

Testimonials

The team is very flexible, highly professional and responsive.

My experience with the practice is very positive – they are quick to respond, open to discussing matters, and yet very concrete and clear in their communications.

You get strong expertise from this real estate team.

Very business-oriented with short response times, providing high-quality advice on all real estate issues.

Great availability to clients and a wide-ranging legal practice.

Great for client relations.

Miloš Gledović is a fantastic lawyer, who maintains a detail-oriented approach and has excellent knowledge of the real estate sector.

Key clients

NLB Banka

Tesla

Conexio

Alca Trgovina

East Balkan Properties

Strabag

Faculty of Philosophy, University of Belgrade

H-Planet

Bravos Holding

IWG

Compact Industry

Work highlights

  • Advised Tesla on launching its first fast-charging station in Serbia.
  • Assisting NLB Banka with the registration of property rights.
  • Advised on the acquisition of part of a company that is developing the Krivača wind farm.

Stankovic & Partners (NSTLAW)

Real estate and major infrastructure projects are core areas of expertise for full-service firm Stankovic & Partners (NSTLAW). Led by name partner Nenad Stankovic, the team is regularly instructed on large corporate real estate transactions at a regional level. It also assists international investors with portfolio management matters, and is sought out for advice on significant projects and project financings in both Serbia and Montenegro. Clients additionally benefit from the firm's robust regulatory practice.

Practice head(s):

Nenad Stankovic

Key clients

GOPA

UCTAM

Crveni signal

Sitel DOEL

Beauvallon Europe

Work highlights

  • Advising an affiliate of UniCredit Bank on various issues relating to the acquisition and development of distressed real estate.
  • Advised 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.
  • Representing Crveni signal, a large driving school, in a number of disputes involving property in central Belgrade.

Vukovic & Partners

Vukovic & Partners‘ multidisciplinary real estate and construction group advises on negotiations, contracts and property sales. It also houses experts in obtaining licences, as well as in handling building, zoning and registration procedures before the relevant authorities. Clients additionally benefit from the wider firm’s specialisms in finance, capital markets and taxation. Jovana Čapaković‘s extensive practice covers planning permissions, construction contracts, purchases, sales and leasing matters. Dejan Vuković is a real estate projects specialist.

Other key lawyers:

Predrag Stojanovski

Testimonials

We choose them for their dedication, knowledge, flexibility, comprehensive approach to problems, and professionalism in their communications.

The real estate team has valuable insight into all aspects of business.

Great for its technological innovations.

The entire real estate team is characterised by dedication, expediency, efficiency and knowledge.

A wide range of different lawyers with specific knowledge in the field for which they are responsible.

Fast and precise answers. Dedication to clients’ needs and high levels of service in every sense.

We would especially like to mention Jovana Čapaković, who with her social skills as well as high level of client focus, has always been at our service.

Dejan Vuković is a true leader and an excellent practitioner, who is always willing and prepared to do his best for his clients and provide a high-end legal service.

Key clients

P&O Ports FZE

Niksen Investment

Bermilton Group

Zoned Group

Orei Ada Development

Homes and Villas Three

Kopa Investments Corporation

Eurobau Connect

Kostag

Fides Imobilia Management

Glob Metropoliten

Gramercy

OBMS Development

Link Group

Jave biscuit

Embassy of Polish Republic in Belgrade

Ocean Development

AG Internacional BGD

Ocean Immobilities

MDM Prior

Ocean CVP Development

Ocean CD 86

Timwn Invest Professional 2016

Progressive Bg Group

Ocean Real Estate Invesments

Ocean Ideas

Tehnohit

Jugo Kaolin

Work highlights

  • Advising Kopa Investments Corporation on the development and construction of a residential commercial complex in Jaram, Kopaonik.
  • Advising Zoned Group companies and affiliates on acquiring and investing in real estate developments.
  • Advised Eurobau Connect, the owner of a large shopping mall in Belgrade, on matters related to renting and maintaining business premises.

Zavisin Semiz Law Office

Covering all aspects of real estate and construction law, Zavisin Semiz Law Office‘s team comprises specialists in property acquisitions and disposals, planning, leases and management contracts. The group is also active in construction projects. Areas of expertise include large residential schemes, office, retail, mixed-use and industrial properties, hotels and leisure facilities. Practice leader Stojan Semiz is ‘a highly experienced lawyer‘, while senior associate Jasna Milosavljevićpossesses great experience and skills‘.

Practice head(s):

Stojan Semiz

Other key lawyers:

Jasna Milosavljević

Testimonials

Their approach to and relationships with clients are marvellous.

We are really satisfied with the performance of the firm.

There is a good knowledge and strength across the firm’s different disciplines.

They are incredibly responsive and able to deliver very useful advice.

It is a full-service law firm that provides highly competent and in-depth expert advice.

The team is always prepared to respond at very short notice, and at the same time maintains excellent service with clear and practical advice. The team possesses valuable knowledge of the real estate industry.

Stojan Semiz does a great job in protecting our side.

Stojan Semiz is a highly experienced lawyer, who has specialist knowledge in real estate and construction, and Jasna Milosavljevic possesses great experience and skills that enable her to give clients a sense of confidence.

Key clients

GTC

Belgrade Waterfront

Motherson Group

Mivne Group

KMR Development

BKA Development

Work highlights

  • Acted as Serbian counsel to GTC on the €267.6m sale of its Belgrade office portfolio.
  • Advised GTC on the acquisition of a large land plot in Block 41 in New Belgrade (the Central Business District).
  • Advised Motherson Group on its 2020 entry into the Serbian market through a major greenfield project, namely the construction of a manufacturing plant that will make interior modules for premium automobiles in Ćuprija.

Andrejic & Partners

Andrejic & Partners‘ team is led by ‘great real estate lawyerAleksandar Andrejic, whose experience includes handling high-value transactions and ordinary day-to-day matters. Recent highlights for the group include advising Eyemaxx International Holding & Consulting on the sale of its real estate assets in Serbia. Vladimir Peric also advises on real estate issues.

Testimonials

We are delighted with the knowledge that this firm has in real estate transactions.

The firm’s real estate and construction department is very knowledgeable and useful.

Great team and great office!

A highly qualified team with a hands-on mentality.

Aleksandar Andrejic is pragmatic, and his advice is always business oriented. He has helped us make the best decision on more than one occasion.

Aleksandar Andrejic is a great real estate lawyer.

Aleksandar Andrejic is capable of resolving even the most complicated issues.

Apart from Aleksandar Andrejic’s exceptional professional abilities, he is at all times trustworthy, honourable and dependable.

Key clients

Log Center Airport

Adventis Real Estate

Bitem

Guclu Insaat Makina

IGT Group

Dasal

Bega ING

Logmaxx

Ered Netherlands

Eyemaxx Real Estate

Eyemaxx International Holding & Consulting

Ered Netherlands BV II

Log Center

Imlek

Edward Vermeer

STK Engineering

Mi-Tech

Jugoslovenski institut za urbanizam i stanovanje

OXO Capital

Triglav Nepremencine

FPM Tuttomobili

Work highlights

  • Advised Eyemaxx International Holding & Consulting on the sale of its real estate assets in Serbia.
  • Advised Log Center, Logmaxx and Bega ING on mortgage matters.
  • Advised Ered Netherlands on the sale of its real estate assets in Serbia.

Cvetkovic, Skoko & Jovicic

Predominantly focused on retail parks and residential compounds, Cvetkovic, Skoko & Jovicic‘s key areas of expertise range from land purchases to urban planning, zoning, financing, planning, construction and leasing. Goran Cvetković‘s real estate and construction practice includes advising on urban planning matters, and Mina Skoko is a real estate acquisitions and project development expert.

Practice head(s):

Goran CvetkovićMina Skoko

Other key lawyers:

Jelena Jovičić

Key clients

Big Shopping Centers Israel

CEE BIG

Orion Telekom Holdings

Napred

Lyoness

ICT Hub

Verano

Energoprojekt

Erste Bank

Nikcevic & Kapor

Launched in 2019, real estate, construction, and projects and infrastructure boutique NKP Law office is ‘an excellent adviser for any real estate and construction matter‘. Founding partners and ‘perfect advisersJovan Nikcević and Vlado Kapor both previously worked at the Energoprojekt Group, one of the SEE’s largest construction and engineering companies.

Practice head(s):

Jovan Nikcević

Other key lawyers:

Vlado Kapor; Filip Živanović

Testimonials

The firm is an excellent adviser for any real estate and construction matter.

I can confirm with great certainty that they are not your average lawyers. Their experience was gained from a multinational construction company, which makes them very experienced in international real estate and construction matters. That is why their standards are very high, why their experience is so specific, and why their knowledge is combined with commercial and project management skills.

NKP Law’s approach is honest and comprehensive.

They are committed to clients and always put the client first, regardless of the issue at hand.

The team is committed to solving any issues that might arise. We highly regard the value of the work done.

Jovan Nikcević and Vlado Kapor are perfect advisers for any construction or real estate project. They are excellent team leaders, since they always have enough team members who are able to respond promptly. That makes the client feel safe in terms of responsiveness and monitoring of daily matters.

Unlike many other lawyers I have cooperated with, Jovan Nikcević is really solutions oriented. He is always focused on the essence of the matter, and his opinions are precise and direct – what is most appreciated about him is his confidence in giving very precise advice in challenging situations.

Vlado Kapor is one of the best lawyers around for permitting matters. He understands the administrative requirements of Serbian law when it comes to construction and real estate issues, and easily deals with such challenges during the project’s life cycle.

Key clients

Beo Čista Energija

Energo Nigeria

Bankovic

Homework Development

Temme Obermeier

3 Lite

General Partner Adria

CBC Concept

Montavar

Srbijaautoput

Work highlights

  • Advising Beo Čista Energija on the €370m construction project for a sustainable landfill and energy-from-waste facility in Belgrade.
  • Advising Energo Nigeria on its participation in a project for the construction of a multi-modal facility.
  • Advising 3 Lite on its consultancy role for the 700 Lake project in Ohio, USA, which involves a lakefront residential real estate development.

Vulic Law

Launched in 2019 as a spin-off from Prica & Partners, Vulic Law advises on large real estate transactions, substantial infrastructure projects, property development, financing, PPPs and commercial leases. Of counsel Aleksandar Mancev, whose clients include Ikea, Lafarge and Caterpillar, is a key contact. The practice of name partner Milos Vulic also covers real estate work.

Practice head(s):

Aleksandar Mancev; Milos Vulic

Key clients

International Financial Corporation

COFIS

Holiday Inn

Solectrode

Work highlights

  • Assisting the International Financial Corporation with leases for residential premises in Belgrade.