Norton Rose Fulbright has advised Lords LB Asset Management-managed fund Tewox on the acquisition of two retail parks located in Radom and Lodz.
Tewox, set up in 2021, invests in grocery-anchored retail real estate in the Baltic States, Finland, Sweden, Denmark, Poland, and Germany.
Lords LB Asset Management is a provider of investment management services to institutional clients and high-net-worth individuals.
According to Norton Rose, "this transaction marks Tewox's third venture into the Polish market, expanding its total holdings to eight retail parks with a combined retail space of 55,700 square meters. The newly acquired retail parks in Lodz and Radom cover nearly 10,000 square meters and accommodate approximately 30 tenants, with significant space occupied by Lidl and Jeronimo Martins, operator of the grocery chain Biedronka."
In 2023, Norton Rose Fulbright advised on Bank Pekao's acquisition financing for the Tewox retail park portfolio (as reported by CEE Legal Matters on August 14, 2023).
The Norton Rose Fulbright team included Partner Magdalena Zienkiewicz, Counsel Jan Wszolek, and Associate Karol Truszkowski.
Norton Rose did not respond to our inquiry on the matter.
