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Penkov, Markov & Partners

Penkov, Markov & Partners

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Bulgaria

3

Projects and PPP

Penkov, Markov & Partners stands out for its work in real estate acquisition projects, providing advice on financing, administrative procedures and due diligence. The team is also active in renewable energy projects. Three practitioners lead the team: Milena Gaidarska handles project structuring and financing; Atanas Valov supports on regulatory matters; and Nikolay Voynov is a key contact for energy sector clients.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Penkov, Markov and Partners assist us with the structuring of the project, any zoning and real estate issues related to it, as well as with appeals of administrative acts and the grid and water connection. It is a very complex project but we know that we are in good hands. We are mainly working with Milena Gaidarska and Atanas Valov. They are a great team of exceptional professionals.'
  • 'The practice at Penkov, Markov and Partners stands out for its team of highly skilled lawyers with significant experience, particularly in the fields of PPPs. The firm's long-standing reputation reflects its expertise in handling complex legal matters, ensuring a depth of knowledge that clients can rely on for practical, efficient solutions.'
  • 'Atanas Valov stands out as an exceptionally thorough lawyer with a deep understanding of both substantive and procedural law. His vast experience in the legal field allows him to tackle complex cases with great precision, particularly in the areas of PPPs. What sets him apart from competitors is his ability to think outside the box and come up with original solutions to legal challenges. He approaches each case with great attention to detail and ensures that no aspect is overlooked, making him a trusted advisor for complex legal matters.'
  • 'Milena Gaidarska is real professional.'
  • 'The team has a long standing experience in projects and PPP, excellent reputation and expertise. They have a particular focus on construction and zoning/planning.'

Key clients

  • Arteks Engineering AD
  • Eurowind Energy A/S
  • BT Development Services
  • Eurostar OOD
  • AB Investment Group
  • Global Biomet EOOD
  • Build Invest Bulgaria AD
  • Arteks Zlaten Vek OOD
  • BA Glass Bulgaria EAD
  • Akuo Energy
  • Zlatna Panega Cement AD
  • ITS 2005 EAD

Work highlights

Advised Arteks Engineering AD on the €28m+ re-development of a major urban site in Sofia’s Mladost district into a large-scale mixed-use complex.
Supported Eurowind Energy A/S on all Bulgarian aspects of a €155m renewable energy mega-project combining wind, solar, and battery storage.
Acted for Build Invest Bulgaria OOD in the structuring and legal planning of a €220m gated residential community across 200 acres near Lozen Mountain, including infrastructure coordination and zoning.
Practice head

Milena Gaidarska; Atanas Valov; Nikolay Voynov

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