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Linklaters and Dentons Advise on CP Developer Forward Sale of Apartments to Heimstaden Bostad

Linklaters and Dentons Advise on CP Developer Forward Sale of Apartments to Heimstaden Bostad

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Linklaters has advised CP Developer S.a r.l. on its PLN 1.4 billion long-term forward sale of 2,500 rental apartments to Sweden’s Heimstaden Bostad. Dentons advised the buyer.

CP Developer is a joint venture established by private equity firm Cornerstone Partners and real estate developer Crestyl. Linklaters previously advised Cornerstone Partners and Crestyl on their establishment of the joint venture for the acquisition of Polish real estate developer Budimex Nieruchomosci (as reported by CEE Legal Matters on March 4, 2021).

According to Linklaters, the 2,500 apartments will be developed over the next few years by Budimex Nieruchomosci and subsequently transferred to Heimstaden Bostad.

The Linklaters team included Warsaw-based Partner Janusz Dzianachowski, Counsel Michal Miecinski, Of Counsel Adriana Andrzejewska, Managing Associates Monika Lerka and Szymon Renkiewicz, Senior Associates Zaneta Baldowska and Jedrzej Palka, and Associates Katarzyna Grodzka and Filip Witaszek; Luxembourg-based Partner Remy Bonneau, Managing Associates Catherine Kremer and Diogo Casqueiro, Associate Irene Sanna, and Consultant Delphine Horn; and Stockholm-based Managing Associate Anna Eriksson.

The Dentons team included Global Vice Chair Evan Lazar and Partners Piotr Szafarz and Piotr Staniszewski, Managing Counsel Jaroslaw Stapel, Counsel Anna Garbula-Wegrzynowska, and Associates Patrycja Pakla and Paulina Horodenska-Wieczorek.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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