11
Sun, Apr
64 New Articles

Linklaters Advises Cornerstone Partners on JV with Crestyl Group

Linklaters Advises Cornerstone Partners on JV with Crestyl Group

Poland
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Linklaters has advised Cornerstone Partners, a corporate and real estate private equity investment manager, on a strategic joint venture with Crestyl Group, a Czech developer of multi-purpose real estate projects. Dentons reportedly advised Crestyl Group on the deal.

The first out of several planned joint venture projects of the new partnership is the acquisition of Budimex Nieruchomosci, one of the largest Polish developers on the residential market, from Budimex SA for over PLN 1.5 billion. 

According to Linklaters, the company is expected to be “a major player in both residential for sale as well as the PRS sectors in Central and Eastern Europe.” So far, Budimex Nieruchomosci has built over 17,500 units, with 1,672 sold last year. 

Linklaters’ team included Partner Janusz Dzianachowski, Counsel Michal Miecinski, Managing Associate Catherine Kremer, and Associate Irene Sanna.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue