Linklaters has advised CP Developer S.a r.l. on its PLN 1.4 billion long-term forward sale of 2,500 rental apartments to Sweden’s Heimstaden Bostad. Dentons advised the buyer.
CP Developer is a joint venture established by private equity firm Cornerstone Partners and real estate developer Crestyl. Linklaters previously advised Cornerstone Partners and Crestyl on their establishment of the joint venture for the acquisition of Polish real estate developer Budimex Nieruchomosci (as reported by CEE Legal Matters on March 4, 2021).
According to Linklaters, the 2,500 apartments will be developed over the next few years by Budimex Nieruchomosci and subsequently transferred to Heimstaden Bostad.
The Linklaters team included Warsaw-based Partner Janusz Dzianachowski, Counsel Michal Miecinski, Of Counsel Adriana Andrzejewska, Managing Associates Monika Lerka and Szymon Renkiewicz, Senior Associates Zaneta Baldowska and Jedrzej Palka, and Associates Katarzyna Grodzka and Filip Witaszek; Luxembourg-based Partner Remy Bonneau, Managing Associates Catherine Kremer and Diogo Casqueiro, Associate Irene Sanna, and Consultant Delphine Horn; and Stockholm-based Managing Associate Anna Eriksson.
The Dentons team included Global Vice Chair Evan Lazar and Partners Piotr Szafarz and Piotr Staniszewski, Managing Counsel Jaroslaw Stapel, Counsel Anna Garbula-Wegrzynowska, and Associates Patrycja Pakla and Paulina Horodenska-Wieczorek.