Linklaters has advised European Shopping Centre Fund II, one of the investment funds managed by CBRE Global Investors, in relation to the acquisition of Galeria Sfera shopping centre. The centre consists of two main malls with circa 61,878 sqm of GLA, and it is well positioned in the centre of Bielsko-Biala. Galeria Sfera was sold by its developer - Bielsko Business Center 3.

Linklaters Warsaw has been involved in and advised on all aspects of the transaction, from comprehensive due diligence through the preparation and negotiations of transaction documents until its signing and closing. The legal team was managed by Janusz Dzianachowski, a managing associate within the real estate practice with the support of Tomasz Trystula, an associate within real estate practice. Joanna Gawlicka, a managing associate, and Maciej Pietron, an associate, both in the banking & finance practice, have advised CBRE Global Investors on financing for the transaction provided by Helaba.

Galeria Sfera is the first property acquired by the European Shopping Centre Fund II in Poland and in the CEE region. Previously, Linklaters advised the European Shopping Centre Fund I, which acquired Galeria Mazovia in Plock.