DLA Piper has advised Aareal Bank AG on the provision of financing worth EUR285 million to Star Capital Finance (SCF) for the purchase of a portfolio of six shopping centres in Poland. The six shopping centres, owned by Cromwell Property Group, are located in Warsaw, Bydgoszcz, Łódź, Szczecin, Toruń and Wrocław.

This transaction is Star Capital Finance’s first in Poland and the largest acquisition in the Polish real estate market in 2024.

A team from DLA Piper’s Warsaw office worked on the transaction and was led by Mariusz Hyla, partner and Head of Finance DLA Piper Poland. He was supported by partner Bartek Palusiak (Finance), senior associate Anna Jarczok, junior associate Daniel Jakubiak, and paralegal Krzysztof Chlebowski.

Mariusz Hyla commented: “It was a satisfying experience to work on this cross-border and cross-discipline transaction, requiring coordination and collaboration with multiple stakeholders. Working on transactions of this scale and complexity is what DLA Piper does best. This transaction has far-reaching significance, not just in Poland, but across the CEE region.”