Develia S.A. joins forces with another real estate company with the support of our lawyers. We advised Develia S.A. on signing a letter of intent on a joint venture with Hillwood Polska sp. z o.o.
As part of the joint venture, the companies intend to develop a logistics centre with a minimum area of 400,000 square metres located in Malin near Wrocław. The estimated value of the entire project will exceed PLN 1.5 billion.
Our advice
We provided Develia with comprehensive legal advice on this complex joint venture, in particular on drafting the documents and negotiating the terms of the transaction.
The transaction team was led by Mirosław Fiałek – Partner, and included Sebastian Bogdan – Counsel, Rafał Siemieniec – Counsel and Paweł Siwiec – Associate.
Parties of the transaction
Develia S.A. is one of the leading real estate developers listed on the Warsaw Stock Exchange. It develops commercial properties and housing investments in six of Poland’s largest cities – Warsaw, Wrocław, Cracow, Katowice, Gdańsk and Łódź.
Hillwood is one of the leading global companies in the commercial real estate industry with 30 years of investment experience in Europe and North America. Hillwood has been present in Poland since 2014 as Hillwood Polska Sp. z o.o.