Warsaw team advises AB Tewox on legal due diligence and acquisition of two retail parks

Global law firm Norton Rose Fulbright advised AB Tewox a fund managed by Lords LB Asset Management on legal due diligence and acquisition of two retail parks located in Radom and Łódź. 

This transaction marks Tewox's third venture into the Polish market, expanding its total holdings to eight retail parks with a combined retail space of 55,700 sqm. The newly acquired retail parks in Łódź and Radom cover nearly 10,000 sqm and accommodate approximately 30 tenants, with significant space occupied by Lidl and Jeronimo Martins, operator of the grocery chain Biedronka.

AB Tewox was set up in April 2021 and invests in grocery anchored retail real estate in the Baltic States, Finland, Sweden, Denmark, Poland and Germany. Through its recent investment, Tewox demonstrates its unwavering focus on identifying and seizing further investment opportunities within the Polish commercial real estate market.

Lords LB Asset Management is a premier provider of investment management services to institutional clients and high net worth individuals. Established in 2008, Lords LB Asset Management focuses on real estate and private equity investment strategies. The company currently manages these collective investment undertakings: 14 real estate funds, 1 private capital fund, 1 energy, 1 energy and infrastructure fund and 3 investment companies. The total value of assets managed by the collective investment undertakings reached EUR 1,09 billion at the end of December 2023.

The Norton Rose Fulbright team was led by Magdalena Zienkiewicz, head of the real estate and construction practice in Poland and included counsel Jan Wszołek and associate Karol Truszkowski.