Kochanski Zieba & Partners has advised Redefine Properties Limited on the largest transaction in the history of the commercial property market in Poland – the value of the transaction exceeded PLN 5 billion
Redefine Properties Limited based in the RPA, listed on the Johannesburg Stock Exchange, has acquired shares in Echo Prime Properties B.V. from Echo Investment S.A.
The aim of the transaction was to enable the buyer to take control of a portfolio of 18 commercial properties located in 11 cities across Poland, including offices and retail shopping centers.
The deal is one of the largest real estate transactions undertaken recently in Europe. The total value of the portfolio is more than PLN 5 billion. It is the largest ever real estate investment transaction in Poland and also the largest ever single transaction of income generating real estate assets in Central Eastern Europe.
Kamil Osiński, Partner and Head of Real Estate at Kochanski & Partners commented: “This is a hugely significant and landmark transaction. Not only is it the largest ever commercial real estate transaction in Poland, but it is the largest ever property deal conducted by a South African entity outside of South Africa. We had the pleasure of working closely with Redefine Properties on Polish law elements to the deal. The transaction is also significant for Kochanski & Partners as it demonstrates that as one of the ‘Four Eagles’ Polish law firms, we are well equipped to handle the very largest transactions involving Poland and Polish companies.”
Redefine Properties Limited was advised on this transaction by Kochański & Partners law firm together with the London office of the international law firm Pinsent Masons and South African law firm Cliffe Dekker Hofmeyer .
Kochanski & Partners advised Redefine on all Polish law aspects of the transaction including corporate, M&A, real estate, finance, tax, IP and anti-monopoly.