Firms To Watch: Real estate and construction

Led by senior counsel Dušan Vukadin, Milosevic Law Firm's real estate and construction practice advises on high-profile acquisitions and divestments, asset management, large-scale developments and real estate finance, as well as joint ventures and planning.
Zivkovic & Samardzic Law Office 's real estate and construction practice is led by Uroš Đorđević, who has longstanding experience in real estate projects and project finance, as well as infrastructure and procurement contracts; Đorđević is supported by Srđan Zerdo, whose commercial real estate focus covers investment sales and acquisitions, property developments, FIDIC contracts, hotel operation agreements, and property joint ventures.

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; …

View Profile...

Jusufovic & Partners

Jusufovic & Partners logo

Jusufovic & Partners law firm was created at the beginning of 2018 by a team of experts who have incorporated their long-standing knowledge and experience acquired during their careers in large law firms into independent practice that successfully operates within the Republic of Serbia and the region, in cooperation with domestic and foreign partners.

View Profile...

Real estate and construction in Serbia

BDK Advokati AOD

The real estate and construction practice at BDK Advokati AOD houses specialists in commercial real estate, regional-level construction, and FIDIC work. The team is also active in construction-related arbitrations. Heading up the group, senior partner Dragoljub Cibulić is well known for his expertise in greenfield real estate, energy and infrastructure projects. Key support is provided by Milan Dakić, a specialist in real estate, construction and environmental law, who is particularly experienced in FIDIC contracts and construction arbitration; and Đorđe Zejak, whose practice extends to greenfield property developments and commercial leases.

Practice head(s):

Dragoljub Cibulić

Other key lawyers:

Milan Dakić; Đorđe Zejak

Key clients


EU delegation in Serbia




Enlight Renewable Energy


Aviv Arlon

Metito Utilities Limited

EPAM Systems

Respect Energy S.A.


Work highlights

  • Advising VGP on the acquisition and development of a large logistics centre in Belgrade.
  • Advising Metito Utilities, an international operator of wastewater treatment facilities, on the development of a wastewater treatment facility in northern Serbia.
  • Advising a large Polish renewable energy trader on the attempted acquisition of the 150MW Crni Vrh wind farm project.

Karanovic & Partners

With ‘a deep understanding of Serbian laws and practices’, Karanovic & Partners' sizeable group consistently handles large-scale, cross-border projects. Representative work ranges from real estate transactions, property management and lease drafting, to construction projects, FIDIC document preparation, and real estate project finance. Senior partner Miloš Vučković is particularly focused on renewables and mining, while Ana Luković leads the firm’s regional real estate department. Also key to the team, Milorad Gajić‘s wide-ranging real estate practice includes investment sales and acquisitions, and Nemanja Providžalo is a March 2023 recruit from SOG in cooperation with Kinstellar.

Practice head(s):

Miloš Vučković; Ana Luković

Other key lawyers:

Milorad Gajić; Nemanja Providžalo


‘The team has a deep understanding of Serbian laws and practices.’

‘They have shown that they are able to handle a lot of different queries under extreme time pressures.’

‘The team does its utmost to keep the client happy and takes a proactive and business-oriented approach. They regularly check in with clients and take on the role of trusted advisor.’

‘The team is always available for discussions and reverts within the given deadlines. This is highly appreciated.’

‘The real estate team is very responsive, pragmatic, and able to guide clients through Serbia’s legal landscape by providing to-the-point guidance.’

‘Milorad Gajić’s advice is always very pragmatic. He thinks further than the request made by the client, which makes him a trusted business advisor for real estate matters in Serbia.’

Key clients

Epic Games




Penta FinTech


Africa Israel Group



Bechtel International



Continental Teves AG & Co oHG


Takenaka Europe GmbH

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.
  • Advised Metro Properties Holding GmbH and Metro Cash & Carry on tendering and negotiating a build-to-suit deal, which included the construction of premises for Metro’s logistics operations in Serbia.
  • Advising Takenaka Europe GmbH on the construction of Toyo Tire’s first plant in Europe.

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

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz‘s wide-ranging real estate practice is experienced in property due diligence, contract negotiations, title examination, and zoning and land use. The group also comprises specialists in financings and real estate disputes. Recent workloads including commercial real estate mandates involving the retail, office, logistics, and hotels and leisure sectors. The department is headed up by commercial, real estate and energy project specialist, Ivan Gazdić, ‘an exceptionally reliable and competent partner’, while Marija Marošan and Sandra Miljanić also advise on real estate law.

Practice head(s):

Ivan Gazdić

Other key lawyers:

Marija Marošan; Sandra Miljanić; Tamara Zejak


‘They are a great team of dedicated and highly skilled professionals.’

‘Clients like to highlight their market knowledge, especially when it comes to real estate transactions.’

‘Ivan Gazdić is an exceptionally reliable and competent partner, who has a profound understanding of complex real estate matters.’

‘Ivan Gazdić is aware of all relevant details, very committed, and always delivers optimal solutions for his clients.’

‘The team is quick to respond and the quality of work is excellent.’

‘Team members are senior and very experienced, and always available to support their clients.’

‘Ivan Gazdić heads a team of exceptional lawyers, who are well versed in serving international clients and handling cross-border deals.’

‘Marija Marošan is an experienced real estate lawyer, exceptionally responsive, and always available for her clients. She has extensive knowledge of the real estate sector, a quick understanding of complex situations, and provides well-thought-out advice.’

Key clients

Ahold Delhaize

A1 Telekom Austria Group

NLB Komercijalna banka a.d. Beograd

NLB d.d. Ljubljana


Rivian Automotive Inc

Consortium of banks (UniCredit, Credit Suisse, Eurobank and OTP Bank)


Banca Intesa Serbia

Erste Bank Serbia

fischer automotive systems GmbH & Co. KG

Progress-Werk Oberkirch AG (PWO Group)

DAI Global


CA Immo


Zillow Group, Inc.

Work highlights

  • Advising the Serbian subsidiary of Ahold Delhaize on sale and leaseback agreements for its exclusive real estate portfolio in Serbia.
  • Assisted A1 Serbia with its agreement to acquire 850km of piping infrastructure of Serbian provider Conexio.
  • Advised NLB Group on the €55m loan for the reconstruction of Sava Center, a large congress venue in Southeast Europe.

Moravcevic Vojnovic and Partners in cooperation with Schoenherr

Moravcevic Vojnovic and Partners in cooperation with Schoenherr‘s real estate practice has a significant track record in deals throughout the region. Clients also benefit from the group’s leveraging of the firm’s enviable banking and finance sector credentials. Ivan Pantović specialises in real estate in Serbia, Montenegro, North Macedonia, and Bosnia and Herzegovina; Slaven Moravčević has longstanding expertise in real estate development projects; and Ivana Panić is a construction law expert. The department also features banking and finance head Nikola Babić and ‘brilliant lawyerJelena Arsić, along with Dijana Grujić.

Practice head(s):

Slaven Moravčević; Ivana Panić

Other key lawyers:

Slaven Moravčević; Ivana Panić; Nikola Babić; Jelena Arsić; Dijana Grujić; Andrej Zorić; Luka Veljović


‘As a market leader, MVP consistently sets the benchmark for excellence.’

‘Efficient, excellent value for money and pragmatic. Very good legal judgement as well.’

‘Their strong, cohesive team is backed by innovative strategies and a depth of expertise that is unmatched.’

‘Potential clients will quickly recognise that compared to other firms, this team’s capabilities and approach are truly second to none.’

‘Ivana Panić has profound knowledge of FIDIC-type contracts, which eases clients’ relations with employers during the execution of the project.’

‘Nikola Babić is an expert in all financial matters, covering all aspects from A to Z. His comprehensive knowledge is unparalleled and he consistently offers insights that are both sharp and astute.’

‘Jelena Arsić is a brilliant lawyer who really stands out in the market. She is dedicated and very reliable, working non-stop. Clients feel safe when working with her.

‘In a complex financial landscape, Nikola Babić stands out as a beacon of clarity, guiding clients through challenges with ease. His dedication to ensuring clients are always legally protected and informed is commendable. Clients are fortunate to have such an exceptional advisor steering their legal course.’

Key clients

OTP Bank

ETMax d.o.o.




Naftna industrija Srbije (NIS)

Parking Servis


Immofinnanz AG


NEPI Rockcastle PLC (NEPI)


AmRest Holdings SE

The European Bank for Reconstruction and Development (EBRD)


Hidroelektrana Dabar d.o.o. Trebinje

Xprimia Group

Work highlights

  • Advised Alstom on various aspects of its involvement in the Belgrade Metro project.
  • Acted as lead counsel to OTP Group members, OTP Bank Plc Hungary and OTP Bank Serbia on a biogas project finance transaction.
  • Advising large hotel operator Hyatt on a franchising arrangement with Montenegrin company Krolbay, which relates to a condo hotel, comprising approximately 206 accommodation units, as well as 27 apartments and 21 villas.

Bojovic Draškovic Popovic & Partners

Recent highlights for Bojovic Draškovic Popovic & Partners’ real estate team include advising a European chain of discount shops on its Bosnian market launch, and assisting Point Group with the transfer of ownership rights in immovable properties. The practice also regularly acts alongside the firm’s energy team on the real estate aspects of energy projects. Leading the real estate department, Marija Bojović has longstanding expertise in real estate and construction law in both Serbia and Montenegro. Bojović is supported by Sonja Šehovac, who predominantly focuses on real estate, construction, and infrastructure.

Practice head(s):

Marija Bojović

Other key lawyers:

Sonja Šehovac

Key clients


BMM Logistics

Solarina doo

CWPR Services

Kima Solar

Point Group

Infobip Limited

Lederata doo



Work highlights

  • Advising Infobip Limited on the real estate aspects of the acquisition of all the shares in Netokracija.
  • Advising Prohuman on the real estate aspects of the acquisition of majority ownership stakes in two target companies in Serbia.
  • Advising Renomia on the real estate side to the acquisition of a target in Serbia.

BOPA Bojanovic & Partners

BOPA Bojanovic & Partners‘ real estate team leverages the firm’s commercial, corporate, M&A, and banking and finance departments for major mandates. Its expertise ranges from real estate acquisitions and project development and finance, to real estate financing, construction, PPPs, property litigation, and FIDIC advice. Leading the real estate and construction group, Vladimir Bojanović, who regularly manages deals across the entire SEE region, ‘has a great understanding of the business aspects of transactions’. Recent growth includes the June 2023 recruitment of Aleksandra Stojanović, who advises on real estate developments, from Doklestic Repic & Gajin.

Practice head(s):

Vladimir Bojanović

Other key lawyers:

Aleksandra Stojanović


‘The BOPA team has very strong experience in various real estate and construction matters.’

‘A team that understands business priorities. The advice they provide is succinct and to the point. Clients are impressed how incredibly thorough and thoughtful they are. Certainly recommended to any client looking for top-notch real estate lawyers.’

‘Vladimir Bojanović and Aleksandra Stojanović make a great and experienced team.’

‘Capable of always providing the clients with the most practical and business-oriented legal advice, taking into account all relevant circumstances.’

‘Clients really feel like they have the best team in their corner since their focus and determination always ensure a positive outcome for the clients.’

‘Vladimir Bojanović and Aleksandra Stojanović are both true professionals with high-level work ethics and a winning attitude, while remaining humble in their interactions.’

‘Vladimir Bojanović has a great understanding of the business aspects of transactions, and is able to help clients to find the most suitable way to achieve their business goals.’

‘Aleksandra Stojanović is of great support during negotiations – very competent, sharp and quick witted, and yet extremely approachable.’

Key clients

NLB d.d. Ljubljana

Thermowatt S.p.A.

R.Power S.A.

Elementor LTD.

Trace One

Diófa Alapkezelő Zártkörűen Működő Részvénytársaság

Ariston Group

EXA Infrastructure

Lego Group

Warner Bros. Discovery

Lufthansa Group


Costa Coffee

Wizz Air

Work highlights

  • Advising NLB d.d. Ljubljana on the sale of a real estate portfolio owned by its Serbian affiliates.
  • Advising Thermowatt on a complex negotiation with the landlord for a plant lease.
  • Advising R.Power S.A. on the local regulatory framework governing renewable energy projects, including the requirements for obtaining an energy license for solar power generation.

Doklestic Repic & Gajin

Doklestic Repic & Gajin‘s ‘real estate and construction practice significantly stands out in the market’. The practice comprises experts in the acquisition of real property and assets, financings, due diligence, complex project agreements, and project structuring and realisation. It also acts for large investors on infrastructure and mining projects in Serbia. Slobodan Doklestic‘s ‘mastery of real estate and construction law is second to none’, while Marko Repic‘s focus includes real estate, projects, mining and energy. Former partner Miloš Pandžić departed the firm in April 2023 to co-found Božović | Pandžić.

Practice head(s):

Slobodan Doklestic; Marko Repic


‘The real estate and construction practice significantly stands out in the market.’

‘Their unparalleled ability to manage complex property transactions, combined with intricate knowledge of construction regulations, truly sets them apart from competitors.’

‘Esteemed partners like Marko Repic bring to the table a deep understanding of both Serbian real estate nuances and international standards. Shines through with his unique combination of industry knowledge and innovative approaches.’

‘Clients greatly value their foresight in anticipating market shifts, their commitment to ethical dealings, and their relentless pursuit of client-centric solutions in this dynamic sector.’

‘Their ability to translate complex challenges into manageable solutions sets them distinctly apart from competitors.’

‘Clients deeply appreciate their relentless pursuit of excellence, their keen problem-solving acumen, and their dedication to fostering strong, transparent relationships.’

‘Clients happily recommend this law firm for their exceptional expertise in real estate and construction practice. At the core of their excellence is the remarkable Slobodan Doklestic, whose contributions to this field are truly exemplary. His mastery of real estate and construction law is second to none.’

‘Marko Repic’s visionary leadership, coupled with his attention to detail, make collaborative endeavours both fruitful and inspiring.’

Key clients

Philip Morris



Ingenico Group




Smart Cargo

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 Ltd.

Al Fozan Holdings

Beijing New Building Materials Plc.

Tahal Fideco

Cofa Games

Apton Renovatio

eLog Adria

Go2Power Consulting

Work highlights

  • Advised Beijing New Building Materials on its $60m investment into a joint venture with a mine and thermal power plant (Ugljevik) in the Republic of Srpska.
  • Advised BalkanTel on the €60m project for the modernisation and rehabilitation of a railway in southern Serbia.
  • Acting as local counsel to an international law firm, in relation to the legal due diligence on a Syneos Health subsidiary in Serbia.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners' ‘competent, trustworthy and reliable‘ team is sought out by major contractors, as well as state-owned and private employers, for substantial infrastructure development projects. The group also advises automotive industry clients on real estate-related matters. Firm founder Milan Joksović has longstanding real estate expertise, while Petar Stojanovićexcels in all real estate and construction legal matters’. Other key practitioners are Srdjan Tolpa, an adviser on large land acquisitions in Serbia, and Goran Vučić, who assists with real estate and infrastructure projects and is a specialist in FIDIC-based contracts.

Practice head(s):

Milan Joksovic; Petar Stojanović

Other key lawyers:

Srdjan Tolpa; Goran Vučić


‘They are competent, trustworthy and reliable.’

‘When it comes to the team, it is all about their dedication to clients.’

‘Clients always feel like that they will be supported 100%.’

‘The work is done in the best possible way with the best possible results.’

‘Proactive approach with clients left feeling like Customer Number One.’

‘Unique, one-of-a kind approach. All aspects of the collaboration are tailor made.’

‘Petar Stojanović excels in all real estate and construction legal matters. The same can be said for his colleague Goran Vučić.’

‘Srdjan Tolpa should be complimented for his dedication to work. He creates amazing communication, simplifies all legal terms, and the level of service is truly astonishing.’

Key clients

Robert Bosch


Kamen i Pesak (Kirchdorfer Kies und Transportbetonholding)

Swiss Embassy in Serbia

Sandvik Minining and Rock Technology

Credo Schweiz GmbH

Alphametal Assembly

Teknoxgroup Srbija


Asmec Consulting

The Government of Montenegro

Infrastructure Development and Construction

Sonuba doo – Member of Mercury Group

Qatari Diar Montenegro

IT Tel

Work highlights

  • Advising the Government of Montenegro on the implementation of the contract for the construction of the Bar-Boljare highway.
  • Advising Infrastructure Development and Construction (member of Gazprom Group) on the construction, maintenance and finalisation of the Serbian part of the Turkish Stream gas pipeline project.
  • Advised Robert Bosch on the acquisition of land for the construction of a factory in Serbia.

JPM & Partners

JPM & Partners is ‘completely devoted to clients’ needs’. In addition to its real estate and construction expertise, the firm has strong credentials in strategic projects, PPPs and concessions. Recent mandates range from the acquisition of real estate in bankruptcy, to construction agreements, greenfield projects, lease agreements, and asset and share deals. Heading the team, Ivan Petrović is a ‘fantastic construction lawyer’, whose practice covers real estate, construction contracts, permitting, PPPs, and litigation. Providing key support, the ‘very dedicatedMarija Vukčević‘s practice includes real estate due diligence and restitution disputes.

Practice head(s):

Ivan Petrović

Other key lawyers:

Marija Vukčević


‘The team as a whole and their individual members are experienced and very knowledgeable.’

‘They have an adequate number of lawyers to be completely devoted to clients’ needs.’

‘Ivan Petrović – excellent business-oriented approach, along with deep academic knowledge of the subject.’

‘Experienced in FIDIC and EPC contracts and they are very fair in every sense.’

‘Respects deadlines and provides excellent quality work – very fair in pricing, never overcharge, and they have excellent presentation skills. They apply new technologies that ensure transparency.’

‘Excellent knowledge of standard international contract model forms, such as FIDIC, as well as their implementation in Serbia.’

‘Ivan Petrović – fantastic construction lawyer with great expertise in FIDIC and EPC. Always provides the best solutions and is respected by the counterparty for his diligence, expertise, and attitude. Great person to work with.’

‘Marija Vukcevic is hard-working, eager to learn more, very precise, and very dedicated. Always respects the deadlines and provides good quality advice. Committed to the details of the deal.’

Key clients



PSG Banatski Dvor







Work highlights

  • Advising Mondada Investment on the sale of real estate in a prime location in Belgrade.
  • Advising BG UrbanLux on the acquisition of leisure facilities.
  • Advising PSG Banatski Dvor on the expansion of an underground gas storage facility.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

With a strong track record in sizeable, cross-border transactions, Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss' full-service offering advises on sales, purchases, planning and zoning. Other notable areas are project design, construction and development, along with leases, asset management, financings, tax, and litigation. The experience of renowned Belgrade office managing partner Miroslav Stojanović includes several high-end deals; Vidak Kovačević is a highly-regarded real estate specialist; Marko Tešanović is notably active in real estate sector work; and Aleksandar Ristić specialises in advising landlords and tenants of commercial buildings.

Practice head(s):

Miroslav Stojanović; Vidak Kovačević

Other key lawyers:

Marko Tešanović; Aleksandar Ristić; Milan Novakov

Key clients

RWA International Holding GmbH

RWA Srbija d.o.o. Beograd

Foursquare Labs Inc.

OTP Banka d.d.

Electron Holding Zrt.

Aussafer Due S.r.l.

Toyo Tire Corporation

Vigie Groupe SAS

I-Environment Investments Ltd (an Itochu Group company)

Marguerite Fund

Beo Cista Energija

Erste Group Bank AG

UniCredit Bank Srbija a.d.,

Erste Banka a.d. Novi Sad

Komercijalna banka a.d. Beograd

NLB d.d., Slovenia

Immorent Singidunum d.o.o.

UniCredit S.p.A., Milan, Italy

VIG REAL ESTATE d.o.o. Belgrade (a part of Vienna Insurance Group)

Work highlights

  • Advising a syndicate, comprising Erste Group Bank AG and Erste Bank AD Novi Sad, on a cross-border facility for a real estate development project in Novi Beograd.
  • Advising RWA Srbija d.o.o. Beograd, a wholly-owned subsidiary of the Austrian RWA group, on the acquisition of a complex of silos in the Port of Beocin on the Danube river.
  • Advised Hungarian energy company Electron Holding Zrt on the acquisition of a 9.9MW wind park project in Serbia.

MVJ marković vukotić jovković

MVJ marković vukotić jovković‘s ‘really strong real estate team’ is consistently mandated for real estate transactions and public infrastructure projects, including contracting, FIDIC work, claims management and property developments. The experience of managing partner Uroš Marković includes major real estate transactions in the region; and Nikola Vukotić, who advises on the development of residential, office, retail, industrial and leisure projects, ‘has excellent negotiation skills’. The practice further includes Lazar Todosijević, an adviser on commercial real estate, and Marija Grujeska, who assists with real estate acquisitions, project development and construction.

Practice head(s):

Uroš Marković; Nikola Vukotić

Other key lawyers:

Lazar Todosijević; Marija Grujeska


‘MVJ stands out for its expertise, constructive approach and availability.’

‘MVJ has a really strong real estate team.’

‘Nikola Vukotić is always available to answer all clients’ questions and address any concerns they have in a simple manner and on short notice.’

Key clients





Kadena Sotheby’s International Realty

Shandong Hi-Speed Group Co., Ltd.

Yunex Traffic



Fashion Company

Siemens Mobility

Victoria Group

Xella Serbia

Victory Gardens

APS Holding

Mikro Kontrol

CRH Serbia – Moravacem



De Heus


Kentaur A/S

Accor Hotels

Kappastar Group

Valastone AG

Kadena Properties

China State Construction Engineering Corporation Ltd.

Feller GmbH

South Banat Energy Hazelnut

Solarna Energija Buducnosti

Optim Project Management


Patent & Co

Glenn Howells Architects Ltd

Deneza Invest

Pal Properties

Italia Living

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 Serbia on the development and construction of a retail park in Belgrade.
  • Advised Victory Gardens on the development of a luxury residential complex in Belgrade.

AVS Legal

Fully devoted to clients’ needs’, full-service law firm AVS Legal routinely advises on large-scale real estate development projects. The team’s specialisms cover construction agreements (predominantly based on FIDIC contracts and rules), real estate acquisitions, and project development and project financing. Mirko Vasilić is experienced in real estate, construction, energy, infrastructure, and environmental law, while Siniša Šoškić assists with M&A deal-related due diligence, along with sales of land and real estate.

Practice head(s):

Mirko Vasilić

Other key lawyers:

Siniša Šoškić


‘AVS Legal offers a wide range of legal services and distinguishes itself through the high quality of its work, great response times, and practical approach.’

‘The AVS Legal team has proven to be capable of working to deadlines – it is also committed to any project or task that is set for them.’

‘The AVS Legal team has excellent management and technical skills that allow them to look at every project or task from the client’s point of view,.’

Key clients

Penta Ge. Co.

Milani Technical Contractor doo

G.F. Longhi Impianti doo

Mega Infrastructure doo Beograd


Work highlights

  • Advised Milani Technical Contractor doo and G.F. 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 elements.
  • Advised Penta Ge.Co on negotiations with investor Udi B East doo Beograd, regarding construction project Lastavice.

BIT Law Office

BIT Law Office‘s construction and real estate project practice covers transaction and acquisition stages, and the negotiation of engineering and construction contracts. It also assists with international dispute adjudication board, mediation and arbitration proceedings. Katarina Obradović Baklaja is ‘a lawyer who knows real estate practice very well’, and Boris Baklaja advises  international real estate investment funds and developers. The next line of active practitioners features ‘excellent negotiatorJovan Crnogorčević.

Practice head(s):

Katarina Obradović Baklaja

Other key lawyers:

Boris Baklaja; Jovan Crnogorčević; Branislav Marjanović; Miloš Nikolić


‘Professional team of experts that deliver a high-quality service and advice for a reasonable price.’

‘Experienced law firm – one of the market leaders, with extensive industry knowledge and understanding of the real estate market in Serbia.’

‘Jovan Crnogorčević and Katarina Obradovic Baklaja are exceptional experts.’

Key clients

Public Utility Company Belgrade Metro and Train

Moj Krov doo

Klanica Plana doo Velika Plana

Miraval Residences doo

Zelvoz doo

Work highlights

  • Acting for Public Utility Company Belgrade Metro and Train (as employer) on all stages of a metro line project development in Belgrade.
  • Advising Miraval Residences doo on the development of a greenfield residential project, involving a condominium in Vrnjacka Banja.
  • Advising Moj Krov doo on the development of two major greenfield residential projects.

MMD Advokati

Particularly active on behalf of international clients, MMD Advokati fields experts in greenfield investments, commercial leases and asset deals. Heading up the real estate practice, Veljko Dostanic is ‘certainly one of the best real estate lawyers around’. Dostanic’s experience includes real estate projects involving the construction of factories, production plants, retail parks, and supermarkets. Notable support is provided by Oliver Radosavljevic, whose practice covers complex built-to-suit, lease and construction agreements.

Practice head(s):

Veljko Dostanic

Other key lawyers:

Oliver Radosavljevic; Čedomir Jelesijević


‘Clients make a good choice when deciding to start cooperation with them on big real estate projects in Serbia.’

‘MMD Advokati has a unique approach when it comes to clients.’

‘Their advice is business oriented, to the point and accurate.’

‘Very good in real estate.’

‘They provide excellent support to clients’ business and do so in a way which makes complex legal matters easy to understand.’

‘Veljko Dostanic has very good drafting skills, good knowledge of other areas of laws which are relevant for development of real estate projects, and is very practical and approachable.’

‘Veljko Dostanic’s deliverables are always clear and thoroughly considered.’

Veljko Dostanic  – certainly one of the best real estate lawyers around.

Key clients

Barry Callebaut

Gebr Heinemann



City Park One


Vantage Leasing

MG Precast

Better Collective



Inter Cargo

Molson Coors

KESZ Properties

Kolor Gradnja

Champel International SA

RD Inženjering

Work highlights

  • Advising Letac, as general contractor, on the modernisation of Serbian glass producer, SFS.
  • Advising City Park One (SPV of Austrian developers) on the development of a complex that includes 60 apartments.
  • Advised Better Collective on a build-to-suit agreement for the lease of its new headquarters.

Nikcevic & Kapor

The extensive expertise of real estate, construction, project and infrastructure boutique, Nikcevic & Kapor, ranges from FIDIC conditions, to tailored contracts for projects in the energy, transport, infrastructure, mining, sports and retail development sectors. The practice’s principal figures are ‘excellent FIDIC expertJovan Nikčević, who specialises in real estate and construction, international projects and dispute resolution (including arbitration); and ‘brilliant lawyerVlado Kapor, who focuses on major energy and infrastructure projects.

Practice head(s):

Jovan Nikcević

Other key lawyers:

Vlado Kapor; Matija Savovic; Nevenka Milovanovic


‘What makes this practice unique is its experience gained from complex international problems and the ability to walk in the client’s shoes.’

‘An extraordinary legal practice – a well-educated and highly-professional team for real estate and construction practice.’

‘They simply understand how projects work, what are common issues arising out of each project, and how project communication works, especially when the client is part of a complex international group of companies.’

‘Jovan Nikcević and Vlado Kapor can be understood easily. Their advice and strategies are shaped in a simple way that every engineer can understand.’

‘Jovan Nikcević is an excellent FIDIC expert.

Even in the most surprising situations and when everything looks like a dead end, Jovan Nikcević finds solutions and precise tactics that result in success. He is not only a lawyer, but a highly trained and skilled negotiator, even for the most complex deals involving governments and financial institutions.

Vlado Kapor is a brilliant lawyer with perfect knowledge of the Serbian real estate market, as well as all permitting matters connected with construction issues.

Vlado Kapor possesses excellent knowledge of the Serbian real estate market, administrative matters and challenges. Highly recommended.

Key clients

Lux Invest International

Premium Real Estate

China State Construction and Engineering Company

GCL Intelligent Energy (Suzhou) Co


BEUMER Minerals & Mining GmbH

Beo Čista Energija Ltd

Energo Nigeria

Atlantik Štark d.o.o.

Homework Development d.o.o. Belgrade

Temme Obermeier

3 LITE d.o.o. Belgrade

BIP d.o.o.

Nukleus Ltd Belgrade

M Enterijer Ltd Belgrade

CBC Concept Ltd Belgrade

Kodar Energomontaža Ltd Belgrade

Montavar Ltd Belgrade

Winkler Ltd Belgrade

SSDT 018 ALPHA Ltd Belgrade

Work & Co Ltd Belgrade

HidroTan Ltd




Vektor Ltd Belgrade

Put inženjering d.o.o.

Work highlights

  • Advising China State Construction and Engineering Company on the negotiation and implementation of a €200m project for the design and construction of a major express road.
  • Assisting BEO ČISTA ENERGIJA LTD BELGRADE with a construction project for a new sustainable landfill and energy-from-waste facility.
  • Advising GCL Intelligent Energy (Suzhou) Co on the construction of a hydropower plant system.

NKO Partners

NKO Partners' ‘great real estate team’ advises on the development, construction, leasing, management, structuring, financing, acquisition and sale of commercial and residential real estate. The practice also has extensive experience in implementing FIDIC-based agreements in Serbia. Its track record further includes the development of large shopping malls and logistic parks. Real estate, construction and finance law specialist Djordje Nikolic is ‘a go-to person for real estate deals in Serbia’.

Practice head(s):

Djordje Nikolic

Other key lawyers:

Luka Aleksic


‘A firm of excellent qualities that provides its services at a reasonable price.’

‘They prioritise clients’ interests and work closely with them to understand their goals and concerns.’

‘Djordje Nikolic is a go-to person for real estate deals in Serbia.’

‘They provide expert advice that is tailored to clients’ needs.’

‘NKO has a great real estate team in Serbia.’

‘The team is extremely knowledgeable and always offers excellent advice at competitive rates.’

‘Djordje Nikolic thinks outside of the box, is very business oriented, practical, and on clients’ wavelength.’

‘Djordje Nikolic works with an excellent team and delegates accordingly when necessary. He is very responsive and has in-depth knowledge of the local market and customs. Some clients consider him one of the best real estate lawyers in Serbia.’

Key clients

CTP Group


Dr. Max


BHM Group




METRO Cash & Carry


Work highlights

  • Advised CTP, a large industrial real estate developer, on over 10 deals.
  • Advises Dr. Max, one of the largest pharmacy chains in the CEE, on the real estate aspects of its business.
  • Advised the Indotek Group on a deal that involved a large real estate portfolio.

SOG in cooperation with Kinstellar

In July 2023, Joint law office Marić in cooperation with Kinstellar merged with SOG Law Firm to become SOG in cooperation with Kinstellar, which covers acquisitions and dispositions, joint ventures, partnerships, and equity investments. Other key areas are development projects, financings, capital markets, and restructurings. The team also advises on leisure, hospitality and gaming transactions. Radovan Grbović maintains a broad real estate practice, while Mario Kijanović is also an experienced adviser.

Practice head(s):

Radovan Grbović; Mario Kijanović

Key clients

Tesla, Inc.

Lafarge (Holcim Group)

Kuehne + Nagel

NLB Banka



Kadena Properties

FCC Group

Outsource Insurance Professionals

Merkury Market

Alca Trgovina


KF Finance

Kadena Properties

Stankovic & Partners (NSTLAW)

Real estate and major infrastructure projects are core areas for Stankovic & Partners (NSTLAW), which advises on large corporate real estate transactions. The team also assists international investors with portfolio management work, while project finance, property disputes, and real estate-related insolvencies are other key areas. The firm additionally has a robust regulatory practice. The workload of international business law expert Nenad Stankovic covers real estate, project finance, infrastructure projects, and PPPs.

Practice head(s):

Nenad Stankovic

Other key lawyers:

Andjelka Radovanović; Sara Pendjer

Key clients

GOPA, Germany (member of GOPA Consulting Group)

Crveni signal

Sitel DOEL

Beauvallon Europe S.A., SPF

Brif Tres doo Beograd

Brif-TC doo, Beograd

Aelius SARL Luxembourg, affiliate of EMS SA


Uniqa Insurance

Coropi Holdings Limited ,

Kalemegdan Investments Limited


PAR Technology Coproration

Work highlights

  • Advising long-term client Garbino, a fashion retailer in Serbia, on its entire real estate portfolio.
  • Assisting Hauzmajstor, part of the Austria-based Rustler Group, with a substantial real estate dispute with the owners and operators of a large business building in Belgrade.
  • Representing real estate investor BRIF TRES, and its wholly-owned subsidiary BRIF T-C, (alongside international law firms in Paris and Luxembourg) in a €300m dispute over land that brought a halt to the construction of a shopping centre in Belgrade.

Vukovic & Partners

Vukovic & Partners delivers ‘a clear, competent and timely legal service’. In addition to transactional and regulatory work, the firm has developed particular expertise in advising shopping mall management firms and shopping mall investors. The team is also experienced in real estate-related capital markets expertise. Real estate and construction department head Jovana Čapakovićleaves nothing to chance’, while Dejan Vuković has expanded his expertise from real estate trading to construction projects.

Practice head(s):

Dejan Vuković; Jovana Čapaković

Other key lawyers:

Predrag Stojanovski; Ivona Štus


‘Clients can rely on Vukovic and partners to deliver a clear, competent and timely legal service, which is well-thought through and business oriented.’

‘The team is highly professional, dedicated, focused, and understands the needs of the client.’

‘Continuously provides a high-quality legal service.’

Key clients

Kopa Investments Corporation

CPI Property Group

Lans 2105 Ltd. Belgrade

Niksen Investments Ltd. Belgrade

Terra Properties

Zoned Group

Tomnix Ltd. Belgrade

Nurdor – National Association of Childhood Cancer Parent Organization of Serbia

Ocean Business Support Ltd. Belgrade

Eurobau Connect AG Ltd. Belgrade

Jelen Do Llc.

Miladra Group Ltd.

Bermilton Group Ltd. Belgrade

Ocean Immobilities Ltd. Belgrade

Kostag Ltd. Belgrade

Homes and Villas Three

Ocean CD 86 Project Ltd. Belgrade

P&O Ports FZE

Glob Metropoliten Ltd. Belgrade

Gramercy Ltd. Belgrade

OBMS Development Ltd. Belgrade

Link Group Ltd. Belgrade

Embassy of Polish Republic in Belgrade

Jugo Kaolin Ltd. Belgrade

Work highlights

  • Advises Kopa Investments Corporation on the development and construction of tourist and residential apartments.
  • Advises CPI Property Group on financial, legal and tax matters, as well as relations with tenants and leasing agreements.
  • Advising Lans 2105 Ltd. Belgrade, a property investment and development company, on the construction of a hospitality resort in a popular mountain and ski resort in Serbia.

Cvetkovic, Skoko & Jovicic

Focused on retail parks and residential compounds, Cvetkovic, Skoko & Jovicic‘s department, co-led by name partner Goran Cvetković and real estate specialist Mina Skoko, advises on real estate acquisitions and project development. The team’s expertise also covers land purchases, urban planning and zoning, along with financing, planning, construction and leasing.

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

English law firm Harrisons Solicitors is active in relation to acquisitions of Serbian agricultural real estate by UAE clients. The practice, co-led by Mark Harrison and Goran Martinovic, also advises Serbian and international companies on the real estate side to their general operations. Aleksandar Jovicevic is another key team member.

Practice head(s):

Mark Harrison; Goran Martinovic

Other key lawyers:

Aleksandar Jovicevic


‘The unique practice of the team is in the professional and direct approach to the client’s requirements and the ability to see the big picture within any situation.’

‘Highly devoted professionals with significant experience in their field of expertise.’

‘Their best quality is that they do not take on any assignments without detailed analysis, regardless of whether the assignment is repetitive or not.’

Key clients

Al Dahra

Al Rawafed

British Embassy Belgrade

Havi Logistics

Australian Embassy Belgrade

The International School of Belgrade


Work highlights

  • Advising Al Dahra (Abu Dhabi) on its complex real estate dealings in Serbia.
  • Advising Al Rawafed (Abu Dhabi) on its real estate transactions in Serbia.
  • Advising the British Embassy on several lease agreements for premises for diplomatic staff in Belgrade.

Vulic Law

Vulic Law‘s real estate practice is headed up by hospitality sector specialist Aleksandar Mancev, who focuses on large transactions, infrastructure projects and real estate developments. Mancev’s expertise extends to commercial real estate transactions, including property sales and purchases, development deals, and the property aspects of M&A and joint ventures.

Practice head(s):

Aleksandar Mancev

Key clients

International Financial Corporation


Hotel Holiday Inn

AK Vozdovac

Work highlights

  • Advised a Serbian investor on setting up a shopping mall in Belgrade, including real estate and construction issues.
  • Advised IFC/World Bank on the real estate aspects of a major project.
  • Advised the Swiss owners of a 4-star hotel in Belgrade (Holiday Inn) when leasing it.