Act Legal Poland has advised Moderna Holding sp. z o.o. on its acquisition of 100% shares in Przedsiebiorstwo Budowlane Kokoszki S.A., a Gdansk-based developer company.
Following the transaction, Moderna’s portfolio features a usable residential area of 150 thousand square meters. The company pursues investments in multi-family and office buildings segment of the Tri-City and Warsaw market.
Moderna and Kokoszki will continue to operate as separate entities under the umbrella of Moderna Holding.
“Both companies have a similar organizational chart and operate within the same multi-family and office building segment, but have different target groups,” said President of Moderna Holding Management Board Adam Malaczek. “We have gained immense potential to increase stability and liquidity of project implementation which, in light of complex administrative and civil regulations, will facilitate flexible process management and give us an edge over our competition. In the end, it is the buyers of standard and high-end apartments who will benefit the most from the transaction."
Kokoszki was founded in 1969. Its portfolio includes over dozens of residential, special-use, and commercial buildings, with the Baltic Philharmonic and Opera among them.
The Act BSWW team was led by Managing Partner Piotr Smoluch, supported by Partner Jakub Salwa and Senior Associate Michal Pawlak.
Act BSWW did not reply to our inquiries about the deal.