Our dedicated team in the real estate practice advises on all aspects of commercial real estate matters from buying, selling and leasing property to joint ventures, investment structures, financing, licensing, property disputes, planning and construction projects.

When it comes to purchase of real estate we are highly experienced in preparation of legal due diligence reports on the immovable property and drafting of sale and purchase agreements.

With respect to legal support to the construction projects we offer a wide range of services from the very start of the project (obtaining of relevant clearances and permits), throughout its implementation (drafting construction agreements including the agreements pursuant to FIDIC rules), until its completion (registering the building with the cadastral register).

Some of the clients we have been representing include:

  • Glencore in connection with all real estate issues regarding the client's investment in a silos, the seller of which is under threatened bankruptcy / liquidation; 
  • Cofis, Switzerland regarding the construction of two hotels for a leading international chain and two related ICC Arbitrations;
  • IKEA and IKEA Group in numerous due diligence processes regarding potential purchase of several land sites in Serbia;
  • Piraeus Bank concerning the planned purchase of office space in central Belgrade;
  • Mol Group in conducting due diligence with remedy offered in connection with several petrol stations;
  • Raiffeisen Investment AG, Belgrade in the legal due diligence regarding sale of the joint stock company Robne kuće "Beograd” in bankruptcy, the largest department store chain in Serbia comprising of over forty buildings, department stores and land throughout Serbia and Montenegro;
  • Sidenor S.A., Greece in a potential purchase and development of an industrial land site;
  • Peek & Cloppenburg KG, Germany in the legal due diligence regarding potential acquisition / lease;
  • EIX Daurada Investment S.L., Spain in the legal due diligence of Hotel Serbia in Vršac;
  • Anamet S.A., Greece in a potential purchase and development of an industrial land site;
  • Raiffeisen Bank, Austria in leasing the entire newly built premises comprising twelve floors for the bank's headquarters;
  • DuPont Group in leasing the newly built office space in the business zone of Belgrade;
  • PM Lucas Enterprises, Cyprus in leasing of the office space from the Serbian company in bankruptcy;
  • Cisco Systems Inc., USA in a lease of a newly built office space in the business zone of Belgrade;
  • Braunsberger Holding GmbH, Austria in a potential purchase of land sites and development of shopping centres;
  • BIP a.d., a Serbian brewery in privatization process, regarding sale of its non-core assets, including a hotel on the coast of Montenegro, a hotel in Zlatibor resort, several industrial facilities and warehouses including an industrial site in the city centre of Belgrade. 

Prica & Partners' real estate team is engaged by the World Bank for participation in Doing Business projects annually covering chapters relating to licensing requirements and property registration for Serbia.

"Clients of Prica & Partners appreciate its ‘really good’ response times and high-quality advice." -Legal 500 (2014)