act legal Poland advised CPI Property Group, a European investor with the largest portfolio of retail properties in the Czech Republic. The group entered into an agreement with Katharsis Development, a Polish developer, to acquire five retail parks known under the common name of “HopStop.”
act BSWW was assisting the investor at all stages of the acquisition of property portfolio with a total area of 19,000 square meters. The range of legal services related to this share deal included a due diligence analysis of the properties and their owners, negotiations of contractual provisions, preparation of investment loan repayment documentation and preparation of agreements.
The transaction concerns retail developments located in Radom, Zamość (at Sądowa and Hrubieszowska Street) and Warszawa-Rembertów, with the last one (now at the pre-development stage) about to emerge in Siedlce.
The project team was managed by Marek Wojnar (managing partner and attorney-at-law) and Marta Kosiedowska (partner and legal counsel), supported by Katarzyna Góra (associate) and Marlena Suchonos (associate).
“act BSWW has been handling shopping mall sale and purchase deals for years but successful completion of a transaction that involves acquisition of a full portfolio of retail centers always brings a lot of satisfaction, given the complexity of such processes,” says Marta Kosiedowska.
“We are really proud that a renowned investor like CPI has put its trust in us with respect to such a challenging transaction. We hope for further cooperation with CPI on subsequent deals in Poland and other European markets where both CPI and act legal network operate,” says Marek Wojnar.
Press release (in Polish language only): http://eurobuildcee.com/?page=news&id=33170#.WtcIl565K