Dentons has advised CPI Property Group and its subsidiaries CPI FIM SA and Czech Property Investments on a partnership agreement to sell a 49% common equity stake in CPI Project Invest and Finance to funds managed by Sona Asset Management for EUR 250 million. A&O Shearman and, reportedly, Milbank advised Sona Asset Management. DLA Piper reportedly advised Aareal Bank on the deal.
CPI Project Invest and Finance is a company holding a portfolio of office and retail assets in Poland. According to Dentons, "CPI PIF owns a portfolio consisting of 11 office properties in Warsaw and two retail assets in Elblag and Lublin, Poland with a gross asset value of approximately EUR 1 billion. Following the equity stake sale, CPIPG retains full operational control and will continue to consolidate the portfolio."
Earlier in 2024, Dentons advised CPI Property Group on green bond issuance (as reported by CEE Legal Matters on May 22, 2024).
The Dentons team was led by Counsel Kamran Pirani and Partner Rob Irving and included Prague-based Partners Petr Zakoucky, Jiri Tomola, and Pavel Bogusky, Managing Counsel Lukasz Zwiercan, Counsels Lukas Vymola, Jana Malkova Zelechovska, and Lukas Poulik, Associates Michal Vik, Tomas Pavelka, and Jan Gerych, and Junior Associate Tomas Jonas, Warsaw-based Partners Monika Sitowicz, Piotr Szafarz, Cezary Przygodzki, and Bartosz Nojek, Managing Counsels Jaroslaw Stapel and Tomasz Krasowski, Counsel Jakub Zienkiewicz, Senior Associate Joanna Poplawska, and Associates Paulina Obiedzinska, Weronika Nowosielska, and Paulina Surma, Budapest-based Counsel Sebastian Ishiguro, Associate Brigitta Kovacs, and Junior Associate Aliz Wulcz, as well as further lawyers in London and Luxembourg.
The A&O Shearman team included Prague-based Partner Petr Vybiral, Senior Associate Jakub Cech, and Associate Denisa Jonasova and Warsaw-based Partners Michal Matera and Marta Sendrowicz and Senior Associate Malgorzata Jastrzebska.
