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Norton Rose Fulbright and Wardynski & Partners Advise on Bank Pekao Acquisition Financing for Tewox Retail Park Portfolio

Norton Rose Fulbright and Wardynski & Partners Advise on Bank Pekao Acquisition Financing for Tewox Retail Park Portfolio

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Norton Rose Fulbright has advised Bank Pekao on the EUR 40 million financing for AB Tewox's acquisition of a five-retail-park portfolio in Poland. Wardynski & Partners advised Tewox on both the acquisition and the financing.

The five retail parks are located in Glowno, Swidnica, Przemysl, Kalisz, and Pulawy. The portfolio covers more than 36,000 square meters of leasable area and boasts a nearly 100% occupancy rate. The anchor tenant is Jeronimo Martins Polska, the operator of the Biedronka grocery chain.

Tewox is a fund managed by Lords LB Asset Management. It was set up in April 2021 and invests in grocery-anchored retail real estate in the Baltic States, Finland, Sweden, Denmark, Poland, and Germany. Lords LB focuses on real estate and private equity investment strategies.

The Norton Rose Fulbright team was led by Partner Tomasz Rogalski and Senior Associate Igor Kondratowicz and included Senior Associate Patrycja Pakla, Associates Karolina Lepakiewicz, Magdalena Olechniewicz-Blocher, Wojciech Jaskulak, Karol Truszkowski, Cezary Zientecki, and Jan Nowjalis, and Paralegals Martyna Sadowy and Damian Pawlak.

The Wardynski & Partners team was led by Counsel Marek Dolatowski and included Partners Radoslaw Wasiak, Lukasz Szegda, Michal Nowacki, and Jakub Macek, Lawyers Dagmara Michalska and Rafal Baranowski, and Junior Associate Patryk Jackiewicz.

Editor's Note: After this article was published, CEELM learned that KWKR Konieczny Wierzbicki and Partners advised PKO Towarzystwo Funduszy Inwestycyjnych on the sale of the five retail parks. The firm's team included Partner Lukasz Lanoszka and Associates Mariusz Mielczarek, Anna Matulka, and Karolina Suchon.