June 2025 – We are pleased to announce that Kinstellar advised First Big Orange Garden, a special purpose vehicle, on one of the largest office building acquisitions in Bulgaria to date - the FairPlay Business Hub. First Big Orange Garden acquired the FairPlay Business Hub from Fairplay International AD, one of the biggest real estate investors on the local market.
Strategically located in Lozenets, Sofia, the FairPlay Business Hub is a highly valuable asset, built to premium standards to provide an exceptional environment for modern business. Real estate advisory firm Avalant supported the buyer throughout the process of identification, analysis, and selection of the investment property.
Our Sofia team advised the client throughout the entire transaction, providing legal support on the structuring, negotiation, and execution of the acquisition documentation, as well as on securing the related acquisition financing. The transaction involved a high level of complexity, as the large-scale real estate acquisition and the financing arrangements had to be completed simultaneously.
The Kinstellar team was led by Antonia Mavrova (Partner) and Atanas Mihaylov (Counsel), and included: Simeon Vachev (Senior Associate), Desislava Dimitrova (Associate) and Nikoleta Ivanova (Junior Associate) advising on all acquisition-related matters, and Svilen Issaev (Counsel) and Denitsa Kuzeva (Senior Associate) covering the financing aspects of the transaction.