Today’s real estate transactions and investments pose significant challenges to participants. We have vast experience in all aspects of real estate transactions, including acquisition and disposals, joint ventures, portfolio sales and securitization, developments, construction projects, leases.
Prica & Partners offers services that start from obtaining extract from the urban plan or act on zoning conditions; obtaining proof of ownership of the construction land; obtaining main construction project clearance from, inter alia, the electric energy authority, water and sewerage authority, the labor inspection - department for safety at work, and the traffic authority; obtaining building permit; notifying the municipality about commencement of construction works and payment of applicable taxes; obtaining consent regarding regulations on environmental protection; requesting technical examination of the building from municipality commission and use permit; negotiating with the potential buyer/seller regarding the purchase of real estate on behalf of the client; drafting agreements on sale and purchase and lease of the real estate including construction agreements; and registering the building with the land or cadastral register.
The legal services we provide also include introducing clients to the newly enacted laws as well as the laws that are yet expected to come to force (i.e. Draft Law on Denationalization and Construction Land which will regulate the conditions, means and procedure of restitution of or reimbursement for the property, now within the territorial boundaries of the Republic of Serbia, seized from natural and legal persons, without any reasonable reimbursement, and transformed into public/state property after 1 January 1945).
Our office has been involved as counsel, inter alia, in different projects of IKEA of Sweden and IKEA Group, in numerous due diligence processes regarding potential purchase of several land sites in Serbia; of Raiffeisen Investment AG, Belgrade in the legal due diligence report regarding sale of the joint stock company “Robne kuce Beograd” in bankruptcy, the largest department store chain in Serbia comprising of over forty large buildings-department stores and land throughout Serbia and Montenegro; of Raiffeisen BANK, Austria in leasing the entire newly built building (twelve floors) for the headquarters of the Raiffeisen in New Belgrade, including drafting of the agreements and negotiations in all stages of the process, for DuPont Group in leasing of the newly built office space in the business zone of Belgrade, including drafting of the agreements and negotiations in all stages of the process.
Prica & Partners are engaged by the World Bank for participation in Doing Business projects annually, covering chapters related to licensing requirements and property registration for Serbia.