Thu, May
51 New Articles

CMS and Jedwabny & Brzozowska Legal Advise Polish Clients on UK Investment Project

CMS and Jedwabny & Brzozowska Legal Advise Polish Clients on UK Investment Project

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS has advised Bank Gospodarstwa Krajowego and Jedwabny & Brzozowska Legal has advised Polish family company Polcom Group on financing provided by the former to the latter for the construction of a Courtyard by Marriott hotel in Edinburgh. The value of the project is GBP 14 million.

The hotel in Edinburgh, which is co-owned by Polcom Group, officially opened on November 22, 2017. Ultimately it will be financed by three entities: Polcom Group, Fundusz Ekspansji Zagranicznej, and BGK, which provided 60 percent of the financing (GBP 8.5 million). Polcom and FEZ, managed by PFR TFI, will take up 51 percent and 49 percent of shares respectively. Polcom has announced a further investment that may exceed the value of GBP 120 million, meaning it will be the largest Polish investment in the UK.

The CMS Warsaw team advising BGK on the provision of financing for the project was headed by Counsel Tomasz Zwolinski and consisted of Senior Associate Jakub Rachwol and Trainee Advocate Maciej Dobrzelak, working in cooperation with the CMS Banking and Finance Team in Edinburgh.

The Jedwabny & Brzozowska Legal team advising the Polcom Group consisted of Partners Tomasz Jedwabny and Magdalena Brzozowska. Pinsent Mason Edinburgh was also involved for the Polcom Group with respect to security documents governed by English/Scottish law.

Image Source: hospitalitynet.org

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

Our Latest Issue