Crido Legal has advised the Hungarian Investment Fund on its approximately EUR 70 million acquisition of the Torun Plaza shopping center in Poland from Plaza Centers N.V. CMS advised the sellers on the deal. The transaction closed on November 20, 2017.
Crido Legal describes Torun Plaza, which has been in operation since 2011, as "one of the largest shopping centers in the Kujawsko-Pomorskie Voivodeship." According to the, "with 40,000 square meters of retail and service space, 120 shops offer goods and services of many well-known brands, such as, among others, TK Maxx, H&M, Zara, SportsDirect.com, Sinsay, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Monnari, Carry, Tous, Pandora, Douglas, Rossmann, Hebe, New Yorker, Reserved, Cropp Town, House, Home&You, Orsay, Sizeer, and Toys'R'Us. Customers can also use its 1,133 parking spaces."
The Crido Legal team included Counsel Joanna Winter-Szymanska and Trainee Lawyer Pawel Sliwka, who the firm reports "were responsible for the legal aspects of the transaction," and Filip Badziak and Magdalena Szkudlarek, "who handled all financing issues." Tax support was provided by Crido Taxand's tax advisers Mateusz Stanczyk and Monika Lewandowska.
CMS's team was led by Counsel Katarzyna Debinska-Pietrzyk and included Associate Jagoda Guzik and Trainee Advocate Justyna Tokarzewska.