Peter Mitev and the Big Orange Foundation have entered into a joint venture with Raycho Raychev and Endurosat to acquire a 17,000-square-meter office building in Sofia from Alpha Bank.
Peter Mitev is the co-founder and former CEO of Chaos Group, a computer graphics technology company. Raycho Raychev is the founder and CEO of the Endurosat satellite company.
According to the Kinstellar law firm, which advised Mitev and Big Orange, “the building is strategic for Endurosat’s vision for the development of the space sector and will be used for space research and other key operations. The acquisition of the building, formerly the headquarters of Alpha Bank, is the largest office transaction on the Bulgarian real estate market for the year 2024 to date.”
The Yonev Valkov Nenov law firm reportedly advised Raycho Raychev and Endurosat on the deal. The CMS law firm reportedly advised Alpha Bank.
