JDP Drapala & Partners has advised Trei Real Estate on establishing a retail park development joint venture with Patron Capital. Greenberg Traurig advised Patron Capital on the matter.
According to JDP, “Trei Real Estate and Patron Capital have created a new joint venture in order to develop several retail parks located across Poland under the Vendo brand – which is one of the leading retail parks brands in Poland. Funding for the acquisition comes from Patron Capital’s recently closed Fund VI. The partners plan to invest approximately EUR 140 million over the next three to five years, with an initial target of between 15 and 20 Vendo Parks in regional Polish cities.”
Trei Real Estate is an international developer and asset holder for residential and retail real estate. Patron Capital is a pan-European institutional investor focused on property-backed investments.