Dentons has advised Redefine Properties and EPP on the establishment of two joint ventures to manage a portfolio of 22 retail and three office properties in Poland: Horse JV and Community Properties JV. South African law firms ENSAfrica and Cliffe Dekker Hofmeyr reportedly advised Redefine and EPP on the Community Properties deal as well.
According to Dentons, “the combined gross asset value brought into the joint venture makes it the largest investment in the retail sector in Poland since the outbreak of the COVID-19 pandemic and one of the largest completed so far in this segment in the country. The completion of both transactions was conditioned by the delisting of EPP shares from the Johannesburg Stock Exchange and Luxembourg Stock Exchange, as well as Redefine's acquisition of a controlling interest in EPP.”
Redefine Properties is a South African real estate investment trust. EPP is a real estate manager focusing on retail assets in Poland.
According to the firm, “the Horse JV will hold a portfolio of nine M1 and two Power Park shopping malls spread across Poland” and the “Community Properties JV will manage a portfolio of 11 retail properties and three office complexes.”
Dentons’ team included Partners Marceli Kasperkiewicz, Bartlomiej Kordeczka, Jacek Jezierski, Piotr Nerwinski, and Agnieszka Stefanowicz-Baranska, Counsels Martyna Racz-Suchocka and Anna Gulinska, Senior Associate Arkadiusz Debski, and Associates Anna Misztela, Justyna Obniska, and Marcin Urbanski.