Warsaw – Feb. 2, 2018 – Greenberg Traurig, LLP represented Somerston Group, an international investor engaged primarily in real estate investment and development, through its affiliate Newbridge Poland, a Warsaw-based investment and development firm, in the acquisition of three shopping centers in Toruń (Centrum Handlowe Bielawy), Kraków (Centrum Handlowe Czyżyny) and Łódź (Centrum Handlowe Guliwer).
The transaction was carried out through the acquisition of all rights and obligations of the limited partners and the general partner of three limited partnerships holding the shopping centers.
Greenberg Traurig provided comprehensive legal advice with respect to the transaction, including the due diligence process, negotiation of the transaction documentation, and financing in the form of a senior facility and a mezzanine loan.
“With this transaction our real estate team yet again demonstrated its significant experience in advising clients not only on a broad spectrum of core real estate but also in related practices such as complex financings,” said Agnieszka Stankiewicz, Partner at the Warsaw office of Greenberg Traurig.
The Greenberg Traurig transaction team was led by Partner Agnieszka Stankiewicz, supported by Local Partner Magdalena Życzkowska-Jóźwiak, Senior Associate Małgorzata Kercz, and Associates: Milena Mędrzycka, Anna Szczepankowska, and Samanta Wenda-Uszyńska. Local Partner Aleksander Janiszewski, Senior Associate Paweł Jaśkiewicz, and Associate Karol Lewandowski were responsible for the financing aspects of the transaction.