Dentons advises Żabka Property Fund on the sale and leaseback transaction in Poland

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.