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SSW and Greenberg Traurig Advise on Shopping Center Sales in Poland

SSW and Greenberg Traurig Advise on Shopping Center Sales in Poland

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SSW Pragmatic Solutions has advised Aerium on the sale of a portfolio of three shopping centers in Poland to Newbridge, an affiliate of Somerston Group. The buyer was assisted by Greenberg Traurig on the acquisition and the financing for the acquisition obtained from Deutsche Pfandbriefbank. The BSJP firm advised DPB on the financing.

The Czyzyny, Bielawy, and Guliwer shopping centers, located in Krakow, Torun, and Lodz, respectively, each exceed 72,000 square meters of the GLA, and each is anchored by Carrefour on a long-term lease. According to SSW, "originally developed by Carrefour, the schemes are 99% occupied and have sales 45% higher than the Polish national per square meter average. Other occupiers include Leroy Merlin, Rossmann, CCC, Deichmann, RTV Euro AGD, Jysk, Pepco, and Douglas."

The SSW team consisted of Partners Sebastian Ponikowski, Maciej Duch, and Patrycja Gozdziowska, Senior Assocate Agnieszka Pajurek, and Associate Jakub Kozinski.

The Greenberg Traurig transaction team was led by Partner Agnieszka Stankiewicz, supported by Local Partner Magdalena Zyczkowska-Jozwiak, Senior Associate Malgorzata Kercz, and Associates Milena Medrzycka, Anna Szczepankowska, and Samata Wenda-Uszynska. Local Partner Aleksander Janiszewski, Senior Associate Pawel Jaskiewicz and Associate Karol Lewandowski were responsible for the financing of the transaction.

The BSJP team was led by Partner Katarzyna Domanska-Moldawa and included Counsels Agnieszka Wolny and Maciej Kurek.

 

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