CMS has advised Deutsche Asset Management on the purchase of a portfolio of Fashion House Outlets located in the Polish cities of Piaseczno, Gdansk, and Sosnowiec from Peakside Capital. Dentons advised Peakside Capital on the deal.
"The commercial real estate market in Poland is currently receiving considerable interest from investors," said Wojciech Koczara, Managing Partner of CMS’s real estate practice for Poland and Central and Eastern Europe. "Due to the expected increase in consumer spending, this trend is likely to continue in the coming years. Increasing retail sales and changes in the structure of consumer spending mean that there are new opportunities for the development of commercial projects in Poland."
The CMS team included Partner Wojciech Koczara, Associate Piotr Przybylski, Lawyer Kamil Osowski, and Senior Associate Michal Derdak, as well as lawyers from SKJ Szybkowski Kuzma Jelen Sp.j., which cooperated with CMS on the transaction.
The Warsaw-based Dentons team advising Peakside Capital included Partners Pawel Debowski and Maciej Ryniewicz.