Real Estate: Regnum real estate project in Plovdiv

Regnum is one of the fastest growing developers in Turkey having more than a million square metres of projected construction area covering 22 projects in Turkey, Bulgaria and the UK.

Regnum is part of the Ozturk Group which also owns Opet, an oil trading and distribution company with over 1400 petrol stations. Ozturk is the sixth largest enterprise in Turkey with an annual turnover of some $5bn.

Acquisition of 22 hectares in the city of Plovdiv – the second biggest town in Bulgaria with a view to developing a large residential and commercial centre.  The acquisitions are still continuing and will likely exceed 40 hectares of land.

Delchev & Partners provided full assistance in acquisition of the land which required negotiation and use of complicated legal techniques in securing a deal with over 30 owners.  The price of land acquisition exceeds EUR 4 million.  The real estate development on this land will likely be the biggest real estate residential and commercial project in Plovdiv.