Sat, Jul
42 New Articles

Clifford Chance Advises CBRE Global Investors on Sale of Wars Sawa Junior Shopping Center

Clifford Chance Advises CBRE Global Investors on Sale of Wars Sawa Junior Shopping Center

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

Clifford Chance has advised CBRE Global Investors on the sale of the Wars Sawa Junior Shopping Center in Warsaw to Atrium Real Estate for over EUR 300 million, on behalf of the Property Fund Central and Eastern Europe.

Wars Sawa Junior is a prime two-story shopping center in Warsaw, also known as Domy Towarowe Centrum. The property was acquired by the Property Fund in two phases: half in 2007 and half in 2011.

According to Clifford Chance, during the holding period, CBRE Global Investors re-positioned the scheme several times by renewing leases with Galeria Centrum in 2010, Empik in 2015, and Marks and Spencer in 2018. Key tenants in the scheme are the TK Maxx, H&M, C&A, Zara, Mango, Empik, Martes Sporta, and Tiger of Copenhagen stores. Polish shoe retailer CCC was recently added to the retail mix as well.

Signing took place at the end of August 2018, and the transaction remains subject to antimonopoly clearance, which is expected in the fourth quarter of 2018.

The Clifford Chance team was led by the Prague-based Partner Emil Holub, with Senior Associate Aneta Disman (formerly Sosnovcova) acting as executive lawyer. The team also included Warsaw-based Counsels Bartosz Kaniasty and Aleksandra Jach.

Editor's Note: After this article was published, CEE Legal Matters was informed that Dentons advised Atrium European Real Estate on the transaction. The firm's team included Partners Pawel Debowski and Piotr Staniszewski and Associate Olga Ziegler

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