Linklaters has advised NEPI Rockcastle on the acquisition of the Magnolia Park shopping center from Union Investment for EUR 373 million. CMS advised Union.
According to Linklaters, NEPI Rockcastle is Europe’s third-largest listed retail real estate company by investment portfolio value and the largest owner, operator, and developer of shopping centers in Central and Eastern Europe.
As to the target, according to the firm: "Magnolia Park, located in Wroclaw, is one of the top ten shopping centers in Poland. It enjoys a strategic location with excellent visibility and access both by car and public transport, reflected in its operational performance and a very high occupancy rate of more than 99%. The shopping center has a BREEAM Excellent sustainability certification."
In 2023, Linklaters advised on NEPI Rockcastle's acquisition of Atrium Copernicus shopping center (as reported by CEE Legal Matters on January 10, 2023) and, in 2022, on Blackstone’s sale of Forum Gdansk to NEPI Rockcastle (as reported by CEE Legal Matters on December 22, 2022).
The Linklaters team included Poland-based Managing Partner Janusz Dzianachowski, Managing Associates Tomasz Trystula, Wojciech Podlasin, Szymon Sieniewicz, Michal Szperzynski, and Barbara Wanat, Senior Associate Marta Strykowska, Associates Maksymilian Hau, Joanna Roman, and Aleksandra Mielniczuk, and Junior Associates Aleksandra Piela and Malgorzata Czubernat as well as Germany-based Partner Wolfram Kruger.
The CMS team included Partner Michal Miecinski, Counsel Krzysztof Sikora, Senior Associates Zuzanna Bafia and Pawel Sliwka, and Associate Agnieszka Gorecka.
