CDZ has advised Capital Park Group, an investor and developer on the real estate market, on setting up a joint venture with the Akron Group, an Austrian capital group that invests in office, logistics and retail properties, in order to modernize the ETC shopping center in the town of Swarzędz, Poland.

CDZ carried out a due diligence investigation of the real estate and the joint venture company, developed the transaction structure in cooperation with tax advisors, and prepared and negotiated the joint venture agreement, organizational documents and the financing structure within the capital group.

The CDZ team was coordinated by Szymon Skiendzielewski, Partner, and Aleksandra Szyszko-Kamińska, an attorney-at-law specializing in M&A deals.

CDZ lawyers also advised the joint venture company on securing bank financing for the modernization of the ETC shopping center.

This deal is not the first transaction between the Capital Park Group and the Akron Group. Last year CDZ advised Capital Park Group on the set-up of a joint venture to redevelop the ETC shopping center in Gdańsk (renamed Galeria Zaspa).