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.
Galeria Sfera consists of two main malls with approximately 61,878 square meters of gross leasable area.
Linklaters’ advised to CBRE Global Investors on its acquisition of Galeria Sfera — the first property acquired by the European Shopping Centre Fund II in Poland and in CEE — follows almost exactly a year after firm advised the European Shopping Centre Fund I on its acquisition of Galeria Mazovia in Plock (reported on by CEE Legal Matters on December 12, 2014). The Linklaters team on the Galeria Sfera acquisition was managed by Managing Associate Janusz Dzianachowski, with the support of Associate Tomasz Trystula. Managing Associate Joanna Gawlicka and Associate Maciej Pietron advised CBRE Global Investors on financing provided by Helaba.
The White & Case team in the transaction consisted of Partner Tomasz Ostrowski and Associates Ilona Fedurek, Katarzyna Czwartosz-Liber, Michal Plich, and Michal Oles.
Dentons did not reply to an inquiry on the matter.
Editorial Note: After this article was published, Dentons informed CEE Legal Matters that Partner Piotr Szafarz had supervised the firm’s team on the deal, which was led by Counsel Jakub Sobotkowski, working with the support of Associate Anna Kokeli.
Image Source: sfera.com.pl
