Tokushev & Partners has advised Bravo Home on its licensing and initial public offering as a joint-stock company with a special investment purpose for real estate securitization in Bulgaria.
According to Tokushev & Partners, the Bulgarian Financial Supervision Commission granted Bravo Home a license to operate as a SIC under the Special Purpose Investment Companies Act. The company’s shares are set to be admitted to trading on the regulated market of the Bulgarian Stock Exchange. The SIC will focus on residential development, with a management team made up of professionals with over 20 years’ experience in Bulgaria’s commercial real estate market and overlapping board roles in another SIC focused on non-residential assets.
The Tokushev & Partners team included Managing Partner Viktor Tokushev, Partner Boris Teknedzhiev, and Senior Attorney at Law Maria Gigova.
