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Crido Legal and CMS Advise on Sale of Polish Shopping Center

Crido Legal and CMS Advise on Sale of Polish Shopping Center

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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.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

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