Dentons has advised Żabka Property Fund of the Żabka Property Group, on the sale and leaseback transaction involving a portfolio of 123 Żabka convenience stores across Poland. The subject portfolio was acquired by W. P. Carey, a leading Real Estate Investment Trust (REIT). This was the largest transaction conducted in Poland’s retail sector in Q3 2024.
The project consisted of two phases: the first stage covered the sale of 114 stores in July and the final tranche – the disposal of the remaining nine stores in September 2024. Our assistance to the client included deal structuring, signing of separate 123 final sale agreements and triple-net lease agreements.
The portfolio consisted of stores located in urban, high-traffic locations across entire Poland.
The deal was led by partner Jakub Sobotkowski and senior associate Kornelia Borowiec, who were supported by associates Aleksandra Kępas, Szymon Grzeszyk and Piotr Bazydło.
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