CMS has advised AFI Europe on the acquisition of a 70% stake in the Towarowa 22 project from EPP and the related joint-development agreements with Echo Investment. Dentons advised EPP on the deal.
According to CMS, "the Towarowa 22 project is being carried out in Warsaw’s Wola district – an attractive investment area of about 6.5 hectares in the center of that district." AFI Europe and Echo Investment, the project's developer, will continue with "the construction of a multi-functional complex with a total usable area of 230,000 square meters."
AFI Europe is an owner, manager, and developer of real properties in CEE. EPP is a real estate investment company.
The CMS team included Partner Lidia Dziurzynska-Leipert, Counsel Michal Bork, Senior Associates Barbara Krupinska-Fuganti, Katarzyna Szostak, and Paulina Karpinska-Huzior, and Associate Pawel Sliwka.
The Dentons team included Partner Jacek Jezierski and Associate Krystyna Fatyga.
Editor's Note: After this article was published, Rymarz Zdort announced that it had advised Echo Investment on its joint venture with AFI Europe. The firm's team included Partner Piotr Fedorowicz, Counsel Irmina Watly, Senior Associate Karolina Bakowska, and Associates Tomasz Karkowski, Patrick Kozliczak, Agnieszka Jablonska, Izabela Skrzypczak, and Kamil Klopocki.
