Since Poland became a member of the European Union in 2004, agricultural land prices have been constantly rising. However, agricultural land in Poland is still among the cheapest in Europe, costing on average only one third of what it brings in many Western European countries.
Linklaters has advised CBRE Global Investors in connection with its acquisition of the 44.4 thousand square-meter Jantar shopping center in Slupsk, Poland, from a subsidiary of Tristan Capital Partners. Dentons advised Tristan — which holds selling subsidiary Dormeo Investments in a 90/10% joint venture with minority shareholder Mayland Real Estate — on the EUR 92 million transaction.
“The guys in the Central European group were a really collegial group and we really enjoyed what we did and truly felt we were making a difference, and we had good clients, and the results were really gratifying. So it was a very good, unique core group of people who were fully committed to Central and Eastern Europe at a historic time.” – Obie Moore
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.
The Orpea group — a European provider of Long-Term Care (nursing homes), Post-Acute Care, and Psychiatric Care — was advised by Gide Loyrette Nouel on its January 4, 2016 acquisition of a 90% stake in MEDI-System. Prior to the acquisition, MEDI-System was 50% owned by its founder, Marcin Zawadzki, and 50% by the US private equity firm Highlander Partners. Zawadzki retains the remaining 10% of share capital. The sellers were advised by the Krassowski law firm.
The Mrowiec Fialek & Partners law firm has advised Wydawnictwa Szkolne i Pedagogiczne on its acquisition of Profi-Lingua, one of the largest foreign language schools in Poland. The JGA law firm advised the shareholders and founders of the company, Maciej Jaglarz and Krzysztof Jaglarz, on the sale. The transaction is expected to close shortly.
CMS has advised Polish private equity fund Innova Capital on the acquisition of Slovenia's Trimo Group, a leading European provider of complete solutions for building envelopes and steel facade systems. The sellers are nine banks, including Slovenia's largest bank, Nova Ljubljanska Banka (NLB). The transaction is subject to merger control approvals and is scheduled to close in Q1 2016, once conditions precedent have been fulfilled.
Linklaters has advised the European Shopping Centre Fund II, one of the investment funds managed by CBRE Global Investors, on its acquisition of the Galeria Sfera shopping center, in Bielsko-Biala, Poland. Financing for the deal was provided by Helaba — which was advised by White & Case. Dentons advised the seller of Galeria Sfera: Bielsko Business Center 3.
The Dentons Real Estate team has advised German fund Union Investment on the acquisition of a plot of land designated for the construction of the Holiday Inn Warsaw City Center. Union purchased the land from Austrian company UBM Development AG for its open-ended real estate fund Unilmmo: Deutschland. UBM Development was advised by Linklaters on the deal.
CMS Poland is inviting fourth and fifth year law students to write a practical commentary in the area of labour law on a Supreme Court judgment, with available prizes including an IPad, sets of law books, and qualification for paid internships at CMS. In addition, all competition participants will be invited to special training that will take place in mid-December at the CMS office in Warsaw, with participants from outside Warsaw reimbursed for the costs of travel.
White & Case has advised Super Group Limited (Super Group) on its acquisition of the IN tIME group from funds advised by Equistone Partners Europe, in a deal that values the company at EUR 153.5 million. Equistone was advised by P+P Pollath + Partners. The transaction should complete in the autumn after approval by the central bank of South Africa.