Firms To Watch: Real estate and construction

Real estate and construction in Serbia

Matkovic & Partners Law Firm

Matkovic & Partners Law Firm advises on real estate development, permitting and cross-border investment structuring, with experience across infrastructure, PPP and industrial projects. The practice is led by Mihajlo Matkovic, with Dragutin Nenezić adding strength in procurement and concession work.

Highlight-Mandate


BDK Advokati AOD

BDK Advokati AOD’s real estate and construction team is noted for its strong commercial real estate expertise, regional construction capabilities and depth in FIDIC-based work and construction-related arbitrations. The practice advises across the full project lifecycle, from negotiation of construction and real estate documentation to ongoing development support and dispute protection. Department heads Dragoljub Cibulić and Milan Dakić lead a practice active on major logistics, hospitality, retail, energy and infrastructure mandates, supported by senior associate Đorđe Zejak.

Praxisleiter:

Dragoljub Cibulić; Milan Dakić


Weitere Kernanwälte:

Đorđe Zejak


Referenzen

‘The team combines outstanding legal expertise with a pragmatic, business-oriented approach, making them exceptionally reliable and solution-focused compared to other firms. They stand out through their responsiveness and a collaborative culture that consistently delivers high-value results for clients.’

‘The individuals distinguish themselves through their responsiveness, clarity, and ability to provide practical solutions that align with business goals. We especially value their strategic insight, proactive approach, and the high level of trust they build compared to competitors.’

Kernmandanten

VGP


Aviv Arlon


Niksen Limited


DHL International


A1 Srbija (Telecom Austria)


Grupo Hotusa


New Energy Solutions


Alcazar Energy


Vetti Group


Eko-Dunav


Boffetti Balcan doo


RONEX UK doo


Fagron BV


Merck


Highlight-Mandate


  • Providing assistance to DHL International in developing their regional hub in Serbia.
  • Advising Niksen Limited, the owner of a retail park in Gornji Milanovac, Central Serbia, in the sale of this retail project to an international real estate investor.
  • Advising the Serbian entity of Boffetti, a group experienced in high, medium and low voltage electrical systems and in developing networks for utilities, industries and infrastructures, on the assessment of the current impasse with the investor in a large renewable energy project, where Boffetti Balkan doo acts as the contractor.

Karanovic & Partners o.a.d.

Karanovic & Partners o.a.d.'s real estate team is recognised for its regional reach and capacity to handle large, multi-jurisdictional developments across Southeast Europe. The practice advises on major sales, acquisitions and development projects, with notable strength in construction structuring, FIDIC documentation and complex permitting issues. Co-heads Miloš Vučković and Ana Luković lead a group active on high-profile hospitality, retail, industrial and infrastructure mandates, including significant hotel, factory and mixed-use developments.

Praxisleiter:

Miloš Vučković; Ana Luković


Weitere Kernanwälte:

Nikola Šiljegović


Referenzen

Fast, reliable, solution oriented.‘

‚Ana Luković properly advises and gives solutions.‘

‚All the people, from junior to partner level, clearly know what they are doing. They analyse issues from different perspectives, respond within a reasonable time, and arrange immediate meetings when necessary.‘

Kernmandanten

Epic Games


Halkbank


Hellenic Petroleum Group


Africa Israel Group


Inditex


Bechtel International


Stellantis (ex- Fiat Chrysler Automobiles)


BIG CEE


Soplast Moura Moutinho & Morais


Next Silicon Ltd


NIMBLE SOFTWARE SYSTEMS INC.


Iconic


Shanghai Fengling Renewables


Impresa Pizzarotti & C. S.p.A.


Highlight-Mandate


  • Advised Halkbank on the purchase of the Holiday Inn Hotel in New Belgrade.
  • Advised Stellantis on two 2024 transactions: the sale of land in Kragujevac to CTP and the Republic of Serbia within the FAS Free Trade Zone, planned for industrial and manufacturing development, as well as providing ongoing legal support on real estate matters including factory facilities, zoning issues, property restructuring, and transaction planning.
  • Advising Impresa Pizzarotti & C. S.p.A., in relation to construction of St. Regis Kula Belgrade, which is a 42-floor mixed-use skyscraper currently under construction in Belgrade.

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz

Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz are frequently engaged on transactions and developments that shape the commercial and energy landscape. The team is particularly active in strategic infrastructure, tower acquisitions and large-scale renewable projects, as well as complex exits and portfolio realignments. Clients benefit from Ivan Gazdić's cross-border expertise and the team’s strong construction and permitting capabilities. Marija Marošan plays a central role on complex commercial and energy matters, while Tamara Zejak brings depth in construction and regulatory issues.

Praxisleiter:

Ivan Gazdić


Weitere Kernanwälte:

Marija Marošan; Tamara Zejak


Referenzen

‘CMS Belgrade is a team of dedicated, highly skilled professionals who consistently deliver excellent legal support. They are responsive, experienced, and deeply committed to client success.’

‘Marija Marošan stands out as an exceptionally reliable senior attorney with a profound understanding of complex real estate matters. She is aware of all relevant details, very committed and always delivers optimal solutions for our company.’

‘The CMS Belgrade team has extensive experience in legislation and real-world operations in the Serbian real estate sector. Their professional approach, dedication to our company and excellent legal solutions they provide is what sets them apart in the market. Their excellent team combines strong technical skills, availability, industry know-how, and a deep understanding of our needs.’

Kernmandanten

Actis


CA Immo


UGT Renewables LLC


PWO Group


Hansgrohe Group


Erste Bank AD Serbia, Erste Bank AG Austria, UniCredit Bank AD Serbia – Čibuk 2 wind farm


Krone Group


fischer automotive systems GmbH & Co. KG


Delta Real Estate


Ahold Delhaize


CA Immo


Highlight-Mandate


  • Advised Actis in another tower deal in Serbia – the acquisition of Dot Towers through Actis platform Connectis Tower that added 50 prime sites to their portfolio, primarily located in central Belgrade and other key Serbian cities.
  • Assisted CA Immo in its market exit from Serbia by advising on the successful sale of Sava Business Center in Belgrade.
  • Advised UGT Renewables on entering into a strategic partnership agreement for the development and construction of new solar power plants and battery storage facilities in Serbia to be owned and operated by Serbia’s EPS, with a total installed capacity exceeding 1 GW and with 200MW/400MW/h battery storage.

Moravčević Vojnović and Partners in cooperation with Schoenherr

Moravcevic Vojnovic and Partners in cooperation with Schoenherr’s real estate and construction team is frequently engaged on projects that sit at the centre of Serbia’s commercial and infrastructure development, from complex land assemblies to FIDIC-heavy construction mandates. Slaven Moravčević advises on major development and financing structures, while Ivana Panić is noted for her work across high-value infrastructure and energy-related construction. Financing specialist Nikola Babić supports on project structures involving banks and international investors.

Praxisleiter:

Slaven Moravčević; Ivana Panić


Weitere Kernanwälte:

Nikola Babić


Referenzen

‘Moravčević Vojnović and Partners in cooperation with Schoenherr and their real estate team stand out in the market by combining deep local expertise in Serbia and the wider Balkan region. The team has demonstrated unmatched expertise and success in handling our real estate matters, covering all aspects of the transaction with top-notch attention to detail, clear communication and dedication to ensure successful outcomes. Their huge advantage, compared to other firms on the market, is their international network. At the same time, the team provides seamless understanding of local regulatory frameworks, combined with a hands-on and pragmatic approach, responsiveness, dedication, and immaculate practice-specific expertise.’

‘High professionalism, responsiveness.’

Kernmandanten

SDV TECHNOLOGY (subsidiary of RIVIAN & VW Group)


Addiko Bank


Elixir Group


Max Real Estate


Grammer System doo (Grammer AG)


Delta Real Estate


ID Energy


MET Group


Javno preduzeće Elektroprivreda Republike Srbije (JP EPS)


Rio Tinto


DDOR vi Sad


Banca Intesa ad Beograd


NCR


UniCredit Bank Serbia JSC Belgrade


RP Global


Raiffeisen Bank International AG


OTP Bank


ETMax d.o.o.


Hyatt


Alstom


Naftna Industrija Srbije (NIS)


Parking Servis


Lidl


AzVirt


The European Bank for Reconstruction and Development(EBRD)


Adient


Hidroelektrana Dabar d.o.o. Trebinje


Highlight-Mandate


  • Advising Alstom on the development and financing of the Belgrade Metro project, valued at approximately EUR 4bn.
  • Advising AzVirt LLC, an Azerbaijani infrastructure contractor, on a wide range of construction and infrastructure projects in Serbia and the wider region.

Doklestic Repic & Gajin

Doklestic Repic & Gajin advise on a broad mix of real estate, project development and energy matters, with frequent instructions from international investors active in industrial, commercial and mining projects. The team, led by Slobodan Doklestic and Marko Repic, handles land acquisitions, project structuring and complex development mandates, and continues to support long-standing clients such as Philip Morris and Balkan Gold.

Praxisleiter:

Slobodan Doklestic; Marko Repic


Weitere Kernanwälte:

Dejan Peric; Jana Bozic


Referenzen

‚They have access to the greatest AI-driven document analysis tool I have ever seen.’

‚Highly knowledgeable, experienced team with great strategic planning capabilities.’

‘We worked with Doklestic Repic & Gajin on multiple real estate and construction projects. They know the market, they know the law, and they know how to get things done. The team is fast, practical, and always ready to jump in. They use smart tools for sharing documents and tracking progress, which saves time. Billing is clear and flexible. Compared to other firms, they are more hands-on, more commercial, and more focused on results.’

Kernmandanten

Philip Morris


Yandex


NELT


Ingenico Group


WSP UK


MomentUp / Visiativ


Smart Cargo / Budamar Logistics


UnifiedPost Group


Saint-Gobain


Beluga Group


Synevo / Medicover


VisionFund International


Balkan Gold


DTD Group


G4S Secure Solutions


Farmalogist Holding


Agroinvest Fund


Al Rawafed Serbia


Ideattack Inc.


mCloud


USTAY Construction


EkspresTrade


PRONATAL Group


BalkanTel


Lustica Development


Valvoline


AmRest


China Huadian Hong Kong Company Ltd.


Al Fozan Holdings


Beijing New Building Materials Plc.


FSK GROUP


Highlight-Mandate


  • Advised Philip Morris in relation to a EUR 120m investment for construction of new production facilities in Serbia for the manufacture of tobacco products based on a heat-but-not-burn technology.
  • Advised Intersport in the deal involving the sale and transfer of their business in Serbia to N Sport.
  • Advised Beijing New Building Materials in relation to their USD 60m investment into a joint venture with the Mine and Thermal Powerplant “Ugljevik” in the Republic of Srpska.

Draškovic Popovic & Partners

Draškovic Popovic & Partners' real estate and construction team is noted for its broad project capability, spanning development, permitting, leasing and renewable-energy work. The firm is increasingly active on solar and wind mandates, retail roll-outs and cross-border asset disposals. Uroš Popović leads on major transactions, supported by Milica Pešterić's growing presence in ESG-driven infrastructure matters and Nikola Mandžukić, who is a key figure across acquisition and leasing instructions.

Praxisleiter:

Uroš Popović


Weitere Kernanwälte:

Milica Pešterićs; Nikola Mandžukić


Referenzen

‘Experienced partners, always were well prepared, with deep knowledge of the local legislation, easy to reach and with a great understanding of their client’s needs.’

‘D2P’s real estate department is unique in its combination of deep local market knowledge and practical, business-oriented legal advice. What sets this team apart is their ability to navigate complex transactions, regulatory approvals, and development projects while keeping clients fully informed and confident in every step of the process.‘

‘Uroš Popović stands out as an exceptional partner with deep expertise in real estate matters. What differentiates him from competitors is his ability to handle complex property transactions, development projects, and regulatory issues while keeping the client’s commercial objectives front and centre. Uroš combines technical precision with practical insight, ensuring that advice is not only legally sound but also actionable and tailored to business realities.’

Kernmandanten

Solarfame


Pepco Serbia


adidas


Desing


Neon Technologies Engineering


Centific Global Solutions


RADEXPRO SEISMIC SOFTWARE LLC


Palkovsky doo


Electrum Discovery


Pepco BiH


Highlight-Mandate


  • Advising Solarfame on the project for developing a photovoltaic power plant in Serbia, including real estate aspects.
  • Advising Pepco in Serbia and in Bosnia and Herzegovina on the negotiation and conclusion of hundreds of lease agreements.
  • Advising RADEXPRO SEISMIC SOFTWARE LLC in connection with the acquisition of commercial property in Serbia, which will serve as the branch’s operational headquarters.

Joksovic, Stojanovic & Partners

Joksovic, Stojanovic & Partners is widely recognised for its strong presence in major infrastructure and industrial development projects. The team advises on land acquisitions, factory construction, long-term built-to-suit leases and complex permitting matters for a substantial international automotive client base. Milan Joksovic and Petar Stojanovic jointly lead the practice, with Srdjan Tolpa noted for large-scale land transactions and Goran Vucic active on FIDIC-based infrastructure mandates.

Praxisleiter:

Milan Joksovic; Petar Stojanovic


Weitere Kernanwälte:

Srdjan Tolpa; Goran Vucic


Referenzen

‘Efficiency and communication with a client.’

‘They have a dedicated and knowledgeable team, ready at any time to protect and improve the client’s business from the legal side. I like their response and can-do attitude.’

‘High expertise in all local legal aspects, also at very complex rental contracts for foreign investors in Serbia.’

Kernmandanten

Robert Bosch


PragmaticPlay


Arrise


Kamen i Pesak (Kirchdorfer Kies und Transportbetonholding)


Swiss Embassy in Serbia


Sandvik Mining and Rock Technology


Credo Schweiz GmbH


Alphametal Assembly


Teknoxgroup Srbija


MSD


Asmec Consulting


The Government of Montenegro


Sonuba Montenegro doo – Member of Mercury Group


Qatari Diar Montenegro


IT TEL CONSULTING & ENGINEERING doo


Beosport


Arhi Nova


Oerlikon AG (Oerlikon Serbia doo Kragujevac)


Lindner Hotels AG


GEVEKOM VENTURES GMBH / Gevekom Customer Services doo


Regent Beleuchtungskörper AG


Haix


Deutsche Bahn (DB Dialog GmbH)


China National Aero Technology corporation


Shandong


Betrano


Highlight-Mandate


  • Advised IT TEL Consulting & Engineering doo with respect to high-value construction contracts, including reconstruction works on the IKEA Store in Belgrade.
  • Continuing to advise Sonuba Montenegro doo in relation with a planned investment for development of a tourist complex in Maljevic location near Bar, Montenegro valued at over EUR 400m.
  • Providing ongoing legal advice to Bosch on real estate matters, including drafting and negotiating agreements related to warehouse facilities and preparing of a sublease agreement.

JPM & Partners

JPM & Partners’s real estate and construction team is anchored by Ivan Petrovic, whose expertise covers complex transactions, construction frameworks, permitting and strategic project structuring. The team advises across the full lifecycle of developments, from due diligence and acquisition work to high-value leasing, concession models and dispute support. The firm are particularly noted for navigating intricate regulatory issues and coordinating multidisciplinary projects. Marija Vukcevic strengthens the practice with her permitting, spatial planning and forensic due-diligence capabilities.

Praxisleiter:

Ivan Petrović


Weitere Kernanwälte:

Marija Vukcevic


Referenzen

‘Professional and competent. Act on time.’

Kernmandanten

Mondada


BgUrbanLux


PSG Banatski Dvor


Gastrans


Gomex


Microsoft


Snapone


Acibadem


ThyssenKrup


A.D. Intereuropa-logističke usluge Beograd


Toyota Tsusho Corporation


Highlight-Mandate


  • Advising and representing Mondada Investment in the process of sale of the location in prime location in Belgrade, including structuring the transaction with the escrow account and monitoring the post-completion activities related to the transfer of the construction and other permits to the acquirer.
  • Advising and representing BG UrbanLux in the acquisition of the assets, consisting of the leisure facilities under the culture heritage protection, in bankruptcy and post-completion activities consisting of settling the proprietary relations with third parties and re-construction.
  • Advising and representing PSG Banatski Dvor in the project of expansion of the underground gas storage.

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss

Law Office Miroslav Stojanovic, in cooperation with Wolf Theiss fields a seasoned real estate and construction team led by Miroslav Stojanović and Vidak Kovačević, supported by Marko Tešanović, a key driver of development-side mandates, financing structures and leasing work. The firm’s cross-border reach and integration with Wolf Theiss’ CEE network gives them an advantage in complex, multi-jurisdictional developments, in demonstrating strong permitting, regulatory and project-execution capabilities.

Praxisleiter:

Miroslav Stojanović; Vidak Kovačević


Weitere Kernanwälte:

Marko Tešanović; Aleksandar Ristić; Milan Novakov


Referenzen

‘Wolf Theiss has a very senior team and seems able to provide premium support in any real estate niche.’

‘Vidak Kovačević is a prominent expert in the field and one of the market leaders. Also, Marko Tešanović is an exceptionally dependable expert.’

Kernmandanten

Steve Madden


GreenYellow


Immorent Singidunum


Vigie (formerly Suez)


Erste Bank Serbia


Erste Group Bank


UniCredit Bank


UniCredit Bank Srbija


OTP banka


Toyo Tire


Electron Holding


Foursquare Labs


Highlight-Mandate


  • Advising Immorent on all legal aspects of developing a prime A-class office complex in New Belgrade, comprising two phases and multiple buildings with shared underground garages.
  • Advising Steve Madden, a US public fashion company, on acquiring a majority stake in a Serbian distributor and an indirect stake in a Croatian distributor, as well as on their ongoing operations.
  • Advising a multi-national bank syndicate in a transaction that included EUR 144m loans for the planned refinancing of the existing Ušće Shopping Center, and the development financing of the Ušće Office Tower 2.

MVJ markovic vukotic jovkovic

Led by Uros Markovic and Nikola Vukotic., MVJ markovic vukotic jovkovic fields a senior-heavy real estate and construction team. The firm is noted for its depth in zoning, permitting and complex contractual structuring, particularly for a large mixed-use and office developments. Lazar Todosijević contributes additional strength on mixed-use and energy-related mandates, while Marko Jelić supports transactional and due diligence work.

Praxisleiter:

Uroš Marković; Nikola Vukotić


Weitere Kernanwälte:

Lazar Todosijević; Marko Jelić


Referenzen

‘Compared with competitors, they offer outstanding value for the caliber of expertise provided.’

‚Uroš Marković and Nikola Vukotić are among the best lawyers in the market. They offer outstanding expertise, great commercial sense, excellent attention to detail and a great sense of commitment.’

‘They deliver exceptional service, are always responsive, their advice is clear, and they pay attention to detail.’

Kernmandanten

IKEA Serbia doo


LIDL


Air Serbia


Siemens Mobility


Siemens doo


Delhaize


Neuroth Hearing Aid


AGNS Invest


KAIROS


Delta Real Estate


Big-CEE


Jan Group


GIGA ENERGY AG


Electric Power Construction


Petroprix


Bey Han


Dundee Precious Metals


H&M


Fashion Company


Moravacem


CBRE


Coreside Savills


Victory Gardens


Kadena Properties


Shandong Hi-Speed Group Co., Ltd.


Valastone AG


Siemens Gamesa Renewable Energy


Kadena International Realty (Kadena Sotheby’s)


Highlight-Mandate


  • Advised IKEA on development and operation of AVA Shopping Park in Belgrade.
  • Advised Siemens Gamesa Renewable Energy on the delivery and installation of wind turbines for the Kostolac wind park project with the total capacity of 66 MW.
  • Advised Victory Gardens on development of a luxury mixed-use complex in Belgrade with area of 210,000m2 of residential, retail and business premises.

AVS Legal

Real estate and construction work at AVS Legal is led by Mirko Vasilic, who is known for advising on large-scale development projects and complex construction arrangements, particularly FIDIC-based contracting. The team combines regulatory capability with practical project-lifecycle support and is increasingly active in industrial, logistics and mixed-use developments. Nikola Sparić adds depth on construction and dispute-related matters, particularly in contractor-facing negotiations.

Praxisleiter:

Mirko Vasilić


Weitere Kernanwälte:

Nikola Sparić


Kernmandanten

Penta Ge.Co. Construction d.o.o.


Milani Technical Contractor doo and G.F. Longhi Impianti doo


Essex Solutions Balkan d.o.o.


Boffetti Balkan d.o.o.


Tigar Tyres d.o.o. (Michelin Group)


Highlight-Mandate


  • Advising Penta Ge.Co. Construction as the general contractor on the construction of the “Lastavica” residential and business complex in Block 58, New Belgrade.
  • Advising Boffetti Balcan d.o.o., a contractor engaged in the Design and Build of a 10 MW wind farm in Kula, Serbia.
  • Advising Milani Technical Contractor doo and G.F. Longhi Impianti doo, subcontractors on the St. Regis Belgrade and The Residences at St. Regis Belgrade, part of the Belgrade Waterfront development.

BIT Law Office

Led by construction specialist Katarina Obradovic Baklaja, BIT Law Office practices a focused team skilled in complex engineering contracts, FIDIC-based arrangements, and regulatory issues across infrastructure, energy and real estate developments. The firm is noted for advising through the full project lifecycle, from structuring and contract strategy to on-the-ground execution and dispute processes. Boris Baklaja adds strength in transactional real estate and PPP-driven work, while Jovan Crnogorcevic and Branislav Marjanović support on procurement, project execution and contentious matters.

Praxisleiter:

Katarina Obradovic Baklaja


Weitere Kernanwälte:

Boris Baklaja; Jovan Crnogorcevic; Branislav Marjanovi


Referenzen

‘Appreciated very professional cooperation with BIT law office. Their expertise, responsiveness, and commitment made every interaction smooth and effective. The team consistently provided clear guidance and demonstrated a deep understanding of the client’s needs.’

‘Expertise and deep knowledge in the real estate sector. Understanding of all phases in the real estate development business cycle such as property acquisition, urban planning and permitting as well as construction and dispute resolution.’

‘After years of cooperation, still new things to learn from BITLaw. BITLaw will always provide high efficiency, a level of professionalism and prompt help and assistance.’

Kernmandanten

Public Utility Company Belgrade Metro and Train


Advans Real Estate Eastern Europe doo


RBI doo Beograd


Gulermak


Delhaize Serbia


Nova Investment Group doo


Miraval Residences doo


Zelvoz doo


Klanica Plana doo Velika Plana


Steconfer


Petar Radulović


Milan Vukašinović


Highlight-Mandate


  • Advising PUC Belgrade Metro and Train, the employer for development of the Belgrade Metro.
  • Advising on the development of a greenfield residential project – hospitality/residential condominium (25.000 m2) in Vrnjacka Banja, known towns for spa tourism in Serbia.
  • Providing ongoing legal support to RBI Group in acquisition and project development of multiple real estate projects.

BOPA Bojanovic & Partners

Real estate head Vladimir Bojanović oversees a practice noted for handling cross-border real estate transactions, development mandates and complex leasing structures. The firm is supported by a senior-heavy team that provides commercially attuned advice across acquisitions, financings and construction law. The group’s ability to coordinate regional mandates through the Adriala network is a distinguishing feature, particularly for investors requiring SEE-wide coverage.

Praxisleiter:

Vladimir Bojanović


Referenzen

‘The firm handles complex, innovative deals and is viewed as a premium provider of legal services.’

‘BOPA’s senior-heavy real estate team meets the needs of sophisticated international clients dealing with complex cross-border projects.’

‘Clients value the cross-practice capability, with real estate, commercial, corporate and M&A expertise integrated into one team.’

Kernmandanten

CVC Capital Partners


Mehiläinen


ASICS Europe B.V.


Gilbarco Acis


Talos Global, Inc


Marsh McLennan


Brightmarbles Group Holding BV


Un1quely BMGH


Brightmarbles doo Novi Sad


Kolektor Technologies d.d.


Nexans


General Electrics


NCR Corporation


Xiaomi


Databricks


Export-Import Bank of China (CEXIM)


Ariston Group


EXA Infrastructure


Wizz Air


Fevo, Inc


NEC Corporation


Axel Johnson


Highlight-Mandate


  • Advising Mehiläinen OY, a Finnish healthcare and social care provider, on the acquisition of MediGroup in Serbia.
  • Advised APTIV, a technology company that designs, develops and manufactures software and hardware solutions.
  • Advised Trigano on a potential acquisition of real estate in Serbia through purchase of the assets of an entity in bankruptcy.

MMD Advokati

MMD Advokati’s real estate and construction practice is led by Veljko Dostanić, whose extensive experience in FIDIC, EPC/EPCM contracting and large-scale development projects underpins the team’s position on high-value industrial, infrastructure and asset transactions. Oliver Radosavljević, noted for his commercial and regulatory insight, also supported by Cedomir Jelesijevic, noted for his due-diligence rigour and transaction execution. The team frequently steps into roles requiring both technical understanding and commercial structuring, advising on industrial builds, large-scale infrastructure and redevelopment schemes.

Praxisleiter:

Veljko Dostanic


Weitere Kernanwälte:

Oliver Radosavljević; Čedomir Jelesijević


Referenzen

‘What makes the practice stand out to us is the team’s responsiveness, practical advice, and ability to explain complex legal issues clearly. Their collaborative approach and broad expertise give us confidence that our matters are handled efficiently and effectively.’

‘The individuals we work with stand out for their professionalism, responsiveness, and ability to provide clear, practical solutions. They combine strong technical expertise with a genuine willingness to understand our business needs. We particularly value their approachability, reliability, and proactive communication, which makes working with them both effective and straightforward.’

Most recently, we worked with them on a complex real estate project where we were engaged as contractor, involving sophisticated financing and contractual arrangements. MMD navigated every stage—structuring, negotiation, financing brilliant and efficiently, anticipating issues before they surfaced and keeping the deal on track.’

Kernmandanten

Barry Callebaut


Agroexim


Agroservice


Gebr Heinemann


Robert Bosch


DHL Freight


Expo Commerce


MG Precast


BEAM Europe


Ikea


Letač


NORDIC NS


KESZ International


Kolor Gradnja


Unilever


RD Inženjering


JUB


Tab Baterije


Inter Cargo Plus


International Property Management


AC Milikic


Highlight-Mandate


  • Advised MG Precast on subcontracting arrangements for the construction of Serbia’s National Football Stadium and residential facilities for EXPO 2027.
  • Advised Agroservice on a EUR 4m acquisition of a silo base in Serbia, including railway infrastructure, equipment, and workforce.
  • Advised Avril Group on the asset sale of agricultural and industrial property in Serbia to a German-based buyer, including real estate, equipment, and regulatory clearance.

NKO Partners

The real estate practice at NKO Partners is led by Djordje Nikolic, a highly regarded specialist in commercial developments, logistics assets and large retail portfolios. The team is active across industrial, logistics, retail and mixed-use assets, with a strong flow of mandates from regional developers and multinational operators. The practice continues to attract cross-border clients seeking commercially focused guidance on Serbian real estate projects.

Praxisleiter:

Djordje Nikolic


Weitere Kernanwälte:

Djuro Otasevic; Petar Orlic


Referenzen

‘Djordje Nikolic and Djuro Otasevic are leading experts in real estate. They are commercially oriented and always propose good solutions for our problems.’

‘Invaluable combination of local knowledge and global perspective.’

‘Key advantages of NKO Partners are superb knowledge and collaboration.’

Kernmandanten

CTP Group


Vindija


Dr. Max


MPC


RALU Logistika


INA


Sano Group


MOL


METRO Cash&Carry


Heineken


Dundee Precious Metals


Pepsi Co


Highlight-Mandate


  • Continuing to advise CTP, an industrial real estate developer with more than 10m square meters of A-class real estate in over 80 regional locations.
  • Continuing to advise Dr. Max, a pharmacy chain and a part of Penta Investment, on all real estate aspects of their business.
  • Advised RALU logistika, a Croatian -based logistic service provider, further to the acquisition of a newly built logistic centre located in Belgrade.

SOG in cooperation with Kinstellar

Led by Radovan Grbović, SOG in cooperation with Kinstellar advises on the full lifecycle of commercial property, development and infrastructure projects, with growing visibility across logistics, hospitality, telecoms infrastructure and industrial build-to-suit arrangements. The team works closely with the firm’s wider corporate, finance and regulatory groups, enabling integrated support on cross-border mandates and complex structuring matters. Mario Kijanović and Vuk Vučković are key contributors to a practice noted for its technical precision, regulatory fluency and strong regional coordination.

Praxisleiter:

Radovan Grbović


Weitere Kernanwälte:

Petar Kojdic; Katarina Zivkovic; Mina Milakovic; Nevena Milosevic


Referenzen

‘Great group of people, great lawyers. Practical and client oriented, all recommendations. They can work fast and effective, and under pressure. They work weekends if necessary, very committed. They go in line with time and innovations, constantly developing their legal approach and solutions to modern times.’

‘Radovan Grbovic, Petar Kojdic, Katarina Zivkovic, Mina Milakovic, Nevena Milosevic – great lawyers to work with. They have a pragmatic approach and quality to work in a regional team.’

Kernmandanten

e& PPF Telecom Group


International Hotel Licensing Company S.àr.l.  (Marriott)


Shanghai Huizhong Automotive Manufacturing Co. Ltd


Globe Trade Centre (GTC)


A1 Srbija doo


DC China (China National Technical Import and Export Corporation – Serbian Branch of Cntic)


Lafarge


Madison Debt Holdings


Kadena Properties doo Beograd


Strabag


Bekament


Besico


Highlight-Mandate


  • Advised (e& and PPF Telecom Group) on the acquisition of Serbian telecom services provider SBB.
  • Advised (Marriott International) on providing the license and conclusion of a hotel management arrangement, where the client will act as a hotel manager of the Ritz-Carlton hotel in Belgrade.
  • Advised (Shanghai Huizhong Automotive Manufacturing Co., LTD. – SHAC) on leasing the facility, with the surface area of 19,000 sqm, with possibility of extension to phase 2 for additional 11,000 sqm, which will be built by CTP in accordance with specification of SHAC.

Vukovic & Partners

Vukovic & Partners provides pragmatic real estate advice grounded in regulatory fluency and practical execution. Jovana Čapaković oversees a team active in permitting, construction documentation, leasing and portfolio management, with notable experience in retail-park operations and mixed-use developments. The practice is supported by Ivona Štus, whose role in daily leasing and due-diligence work underpins many mandates.

Praxisleiter:

Jovana Čapaković


Referenzen

‘What sets them apart is a practical approach and a strong understanding of the business context. Jovana Čapaković is intuitive and quickly grasps an issue or task and turns it into clear, practical next steps.’

‘The team is highly professional and has a great knowledge in all fields in legal support for regular real estate development. They’re familiar with the whole procedure and processes.’

Kernmandanten

ABL INVESTMENTS Ltd. Belgrade


EMMEZETA SRBIJA Ltd.


CPI Property Group


JCG Ltd. Belgrade


Forest Hill Ltd. Belgrade


Bermilton Group Ltd. Belgrade


Tomnix Ltd. Belgrade


Enna Solar


Park Residence Ltd. Belgrade


Kopa Investments Corporation


Terra Properties Ltd. Belgrade


Ocean Development Ltd. Belgrade


Kostag Ltd. Belgrade


Homes and Villas Three


Lans 2105 Ltd. Belgrade


Niksen Investments Ltd. Belgrade


NURDOR – National Association of Chilhood Cancer Parent Organization of Serbia


Ocean Business Support AG Ltd. Belgrade


Eurobau Connect AG Ltd. Belgrade


Jelen Do Lcl.


Miladra Group Ltd.


Ocean Immobilities Ltd. Belgrade


Ocean CD 86 Project Ltd. Belgrade


P&O Ports FZE


Glob Metropoliten Ltd. Belgrade


Gramercy Ltd. Belgrade


OBMS Development Ltd Belgrade


Link Group Ltd. Belgrade


Jugo Kaolin Ltd. Belgrade


Highlight-Mandate


  • Advised Link Group on the acquisition of a Belgrade-based real estate company, providing a comprehensive legal analysis of the property rights related to the real estate subject to sale, including an analysis of the registered encumbrances on the properties, a review of all concluded lease agreements, as well as property management agreements.
  • Assistance to the ABL INVESTMENTS Ltd. Belgrade in the purchase of real estate in a residential area of Belgrade, analysis of property rights related to the real estate prior to the sale and the organisation and supervision of the entire transaction.
  • Advised JCG Ltd. on the acquisition of a Belgrade-based real estate company, the owner of two buildings located on the parcel in Subotica – an existing shopping mall and a commercial service building with an issued construction permit and the status ‚under construction‘.

Cvetkovic, Skoko & Jovicic

Cvetkovic, Skoko & Jovicic’s real estate and construction team is led by Goran Cvetkovic, Mina Skoko and Jelena Jovicic, advising across the full lifecycle of development projects. The group handles land acquisition, zoning and urban-planning procedures, financing structures, construction frameworks and subsequent leasing arrangements. The partners draw on extensive experience in large-scale retail and residential schemes, supported by a compact team that offers coordinated commercial and regulatory guidance.

Praxisleiter:

Goran Cvetković; Mina Skoko; Jelena Jovičić


Kernmandanten

Big Shopping Centers Israel


CEE BIG B.V.


Orion Telekom Holdings


Napred


Lyoness/myWorld


ICT Hub


Verano


Energoprojekt


Erste Bank


Forum 26 Business Center – former Blue Center


Poseidon


KFP


Institucija


Highlight-Mandate


Harrisons Solicitors

Harrisons Solicitors' real estate practice, led by Goran Martinovic, combines English-law capability with longstanding local market experience. The team advises on agricultural, commercial and development assets, with particular strength in structuring acquisitions, navigating planning and land-use frameworks, and supporting organisations with complex operational footprints in Serbia.

Praxisleiter:

Goran Martinovic


Weitere Kernanwälte:

Aleksandar Jovicevic


Kernmandanten

Al Dahra


Al Rawafed


International School of Belgrade


EBRD


British Embassy Belgrade


British Council


Velsera


Government of Ireland


Highlight-Mandate


  • Advising Al Dahra Srbija on their agricultural real estate in Serbia.
  • Advising the Government of Ireland on the opening of their Embassy in Belgrade.
  • Advising International School of Belgrade on the structuring of new lease agreements related to two locations in Belgrade and assistance with negotiations with the landlord and the State.

PSG Legal

Milos Pandzic leads a steadily expanding real estate and projects practice at PSG Legal, supported by co-founding partner Aleksandra Stojanovic and a growing team advising across the full development lifecycle. The group is active on land acquisitions, project structuring, construction arrangements and permitting issues, with notable experience in infrastructure, mixed-use and industrial developments.

Praxisleiter:

Miloš Pandžić


Weitere Kernanwälte:

Aleksandra Stojanovic


Referenzen

‚PSG Legal’s real estate and construction team offers practical, business-minded support with a deep understanding of local regulations and market specifics. They are highly responsive, detail-oriented, and proactive in identifying risks and finding workable solutions. We particularly value their ability to coordinate legal and technical aspects of complex projects, ensuring smooth execution.’

‚PSG Legal provides direct partner involvement and tailored advice, which adds real value, especially in high-stakes or time-sensitive transactions.’

‘Miloš Pandžić is a highly trusted advisor—calm, strategic, and always focused on delivering practical solutions.‘

Kernmandanten

Hidepito


Beyond Limits


City Express


Medico Domus


AmRest


BINIS Investment


Green Meadows Corporation


Alterra Gradnja


eLog Adria


mCloud


TPG Express


Soravia


DOTCOM


SMC International


Balkan Gold


DHH SpA


Containers Propco


Pharmachim


Kreativno Pero


Balkantel


Magnapharm WB


Hospitality Guru


UV Advisory


AIMI


Interbilanz


VDL Bus & Coach Serbia


Highlight-Mandate


  • Advised Hidepito Zrt with respect to the EUR 94m project “Demolition of the Old Sava Bridge”.
  • Advised Medico Domus on the acquisition of a land complex in southern Serbia and development of factory for production of dietary supplements.
  • Advised Alterra Gradnja on the acquisition of premium land complex in Belgrade for the purpose of development 10,500sqm mixed-use commercial-residential complex.

Radovanovic Stojanovic & Partners AOD

Radovanovic Stojanovic & Partners AOD’s real estate and construction practice is led by Milorad Gajić, whose experience spans major development projects, permitting, zoning and complex commercial arrangements. The team advises across sectors including retail, manufacturing, energy and IT, with regular involvement in high-value mixed-use developments and strategic leasing work.

Praxisleiter:

Milorad Gajić


Referenzen

‘The uniqueness of the practice is defined by a commitment to the highest quality of legal services, coupled with a deep understanding of client needs in a dynamic business environment. They do not approach legal problems with a one-size-fits-all mentality – each case is treated individually, combining legal expertise with strategic thinking and commercial insight.

‘What truly sets the team apart is not just expertise and credentials, but the way they approach their work – with exceptional care, integrity, and a deep understanding of the client’s needs. Every team member, regardless of their level of seniority, demonstrates a high degree of responsibility, initiative, and professionalism. The partners are not just legal experts – they are strategic advisors who help clients make thoughtful, long-term sustainable decisions.’

‘Their team stand out for their combination of deep technical expertise, commercial insight, and client-focused approach. They consistently deliver practical solutions in complex matters, ensuring senior-level involvement and seamless collaboration across offices.’

Kernmandanten

Wienerberger Group


METRO Cash & Carry


IKEA Serbia


Perose Invest


HSK Development


Netconomy


Atalian Global Services


SAP Fioneer


Hörmann


EGC Partners


KÖNIG METALL GMBH & CO. KG


Lafarge


Highlight-Mandate


  • Advising on the construction of a building in Belgrade, Serbia for mixed-use with net surface exceeding 17,000 sqm – on purchasing the land, due diligence exercise, permitting and zoning issues, as well as drafted sale and purchase agreements and reservation agreements for end customers, and prepared drafts of design and construction contracts.
  • Advising on the planning to develop a mixed-use facility valued at over EUR 50m with a surface exceeding 50,000 sqm for housing a big residential building and two business/commercial towers in the centre of Belgrade’s business district Novi Beograd – on due diligence exercise and all aspects of the transaction including the structuring, the preliminary agreement and the fulfilment of CPs and CSs which is still ongoing.
  • Advising Wienerberger d.o.o, a member of Wienerberger Group –  a brick manufacturer which also produces clay roof tiles in Europe and concrete pavers in eastern Europe, in all day-to-day and/or project related commercial law matters.

Stankovic & Partners (NSTLAW)

The real estate and construction practice at Stankovic & Partners (NSTLAW) is led by Nenad Stankovic and Andjelka Zatezić, whose combined experience spans major development work, regulatory advisory and high-stakes property disputes. The firm is known for handling multifaceted mandates that cut across real estate transactions, planning and zoning issues, portfolio support, and complex ownership or land-use challenges.

Praxisleiter:

Nenad Stankovic; Andjelka Zatezic


Weitere Kernanwälte:

Sara Pendjer; Mitar Simonović; Luka Marosiuk


Referenzen

‘This practice is unique in its ability to integrate deep legal expertise with a proactive, client-focused approach that anticipates challenges before they arise. Clients benefit from a highly skilled team known for delivering innovative, practical solutions while maintaining strong collaboration both internally and with clients.’

‘The individuals I work with stand out for their deep expertise and genuine dedication to understanding clients’ unique needs, setting them apart from competitors who often take a more transactional approach. Sara Pendjer consistently demonstrates exceptional diligence and responsiveness under pressure.’

‘Knowledge, professionalism and commitment.’

Kernmandanten

RCL Systems


NLB Srbija


Titantex SRL Unipersonale


Teddy S.p.A.


Beauvallon Europe S.A., SPF


Brif Tres doo Beograd and Brif-TC doo, Beograd


Aelius SARL Luxembourg, affiliate of EMS SA


Apatinska pivara, member of Molson Coors Group


Monster Energy


Proleter AD


TMB Diamond Voćar doo Pancevo


GOPA, Germany (member of GOPA Consulting Group)


Crveni signal


Sitel DOEL


Hauzmajstor


Uniqa Insurance


Coropi Holdings Limited


Kalemegdan Investments Limited


Garbino/Zefiro/Titantex


Par Technology Corporation


Tide


Devellop doo


Eco signal


Takeda GMBH


Lucky Star Junior


TechnoMarine doo


Highlight-Mandate


  • Advising real estate investor BRIF TRES and its wholly-owned subsidiary BRIF T-C on the financial status of its Serbian real estate subsidiaries.
  • Advising long-term client Garbino, a fashion retailer in Serbia, in connection with its entire real estate portfolio.
  • Representing Obnova AD in two disputes before the Higher Court in Belgrade against the City of Belgrade and the Republic of Serbia requesting the determination of the ownership of a number of real-estate assets in the centre of Belgrade.

Zivkovic & Samardzic Law Office

Led by Uroš Đorđević, Zivkovic & Samardzic Law Office’s real estate and construction team advises on acquisitions, development structuring, leasing and regulatory matters, with notable experience resolving ownership, zoning and permitting issues. The group provides clear, commercially aligned guidance throughout project lifecycles, while Srđan Zerdo adds further support on transactional and construction-related matters, strengthening the team’s handling of technically complex work.

Praxisleiter:

Uroš Đorđević


Weitere Kernanwälte:

Srđan Zerdo


Referenzen

‘The real estate team combines deep legal expertise with practical market understanding, supporting all stages of development and transactions. They stand out for navigating complex regulation and collaborating closely across departments.’

‘Živković Samardžić’s individuals show high professionalism and deep expertise. Uroš Đorđević provides strategic, reliable advice, while Srđan Zerdo combines legal and business understanding, making the team trusted long-term partners.’

‘They align legal expertise with real business needs and support every stage of a project. Their responsiveness and ability to navigate complex procedures ensure dependable, well-rounded advice.’

Kernmandanten

Elrad Electronics D.O.O Gornja Radgona, Slovenia


Gorenjska banka ad Kranj, Slovenia


Erste bank ad Novi Sad


Titan cementara doo Kosjerić


Firefly productions doo Beograd


Partner gradnja ZND doo Beograd


Kopernikus real estate doo Beograd


Forum 26 Business Center doo Beograd


Kopernikus systems doo Beograd


SOKOJ – Serbian Music Authors’ Organisation


OTP banka Srbija AD Novi Sad


BW Galerija doo Beograd


Feniksbus doo Novi Sad


Highlight-Mandate


  • Advised Firefly Productions d.o.o. Beograd on the acquisition and development of a three-film studio complex on city-owned land in Pančevo.
  • Represented BW GALERIJA DOO BEOGRAD, together with lenders including Erste Group AG, Erste Bank AD Novi Sad, OTP Hungary, OTP Bank Serbia, and Eurobank Cyprus Ltd, in the refinancing of the “Galerija” shopping mall in Belgrade.
  • Providing Feniksbus DOO Novi Sad with legal support in all aspects of construction and real estate projects, including regulatory compliance, contractual documentation, and coordination with relevant authorities.