Noticias de los Socios

CMS has advised Union Investment Real Estate GmbH on the sale of the Magnolia Park shopping center in Wrocław to NEPI Rockcastle. The total value of the transaction was EUR 373m, making it the largest single shopping center acquisition in Central and Eastern Europe in recent years.

Magnolia Park is one of the largest and most successful shopping centers in Poland, with a total gross leasable area of 100,000 sq. m. The shopping center, located in Wrocław, currently houses 240 stores and is 99% leased. Magnolia Park is among the top 10 most dynamically developing shopping centers in Poland, serving a catchment area of approximately 1.4m consumers and consistently delivering strong performance in both visitors and sales. The shopping center holds a BREEAM sustainability certification at the level of Excellent.

Michał Mieciński, partner in the Real Estate and Construction practice, who supervised the transaction, commented: “The sale of Magnolia Park was an exceptional endeavor clearly demonstrating that the Polish retail market continues to attract key investors.”

The CMS team was supervised by partner Michał Mieciński, supported by Zuzanna Bafia and Paweł Śliwka (Real Estate and Construction), Krzysztof Sikora (Competition) and Agnieszka Górecka (IP/TMT).

Additional information about CMS:
CMS is an international organisation of independent law firms that provides comprehensive legal and tax advisory services to businesses, financial institutions and administrative bodies. The firm has over 80 offices in more than 45 countries worldwide, where it employs over 5,000 lawyers. CMS is one of the largest and most experienced law firms in Poland, where it has operated for nearly 30 years. CMS’ offices in Warsaw and Poznań employ over 200 lawyers who advise clients operating in all economic sectors. For more information, please visit www.cms.law.

Press contact:
Justyna Burzyńska
Senior Communication Executive
E: justyna.burzynska@cms-cmno.com
M: +48 539 094 598