Crido Legal has advised Akademia Pilkarska Legii Sp. z o.o. — a special purpose vehicle of Legia Warszawa S.A. — on its establishment of a modern football training complex in the Grodzisk Mazowiecki municipality of Poland.
According to Crido Legal, "the total value of the investment project is over PLN 80 million. The Legia Training Center will be the most modern training centre in Poland, with six pitches (five with a natural surface and one with an artificial surface – covered with a pneumatic hall for the autumn-winter season). The project also includes the construction of a hotel part, lecture rooms, and dormitories for players aged 13–18 years, as well as a LegiaLab R&D Center. The end of construction and the start of relocation are planned for June 2020."
Crido Legal advised on the purchase of the property and on obtaining financing from Bank Gospodarstwa Krajowego S.A.
“We faced new challenges during the negotiations because the project is a pioneering project, both in purely sports terms and in terms of the financial structure," commented Senior Associate Filip Badziak, who heads the banking and finance practice at Crido Legal, and who worked on the project along with Counsel Joanna Winter-Szymanska. "That is all the more reason why we at Crido Legal are happy that we were able to advise on it. We hope it will pave the way for further projects of this type in the region and will mean that banks will more willingly finance such investment projects."