LPP Distribution Center Acquired by REICO Long Lease Fund
Deal News | Jun 25, 2025 | CEE Legal Matters
REICO Long Lease, a fund managed by REICO IS EAM under Ceska Sporitelna, part of the Erste Group, has successfully acquired the LPP Distribution Center logistics facility located in Bydgoszcz. The commercial real estate law firm CMS provided advisory services to REICO Long Lease for this transaction. The facility encompasses a significant 103,864 square meters of rental space and is currently leased to an international fashion retailer. The transaction was executed with advisory support for the sellers provided by Greenberg Traurig. The legal team from CMS was led by Partner Agata Jurek-Zbrojska, comprising several counsels and associates. Meanwhile, Greenberg Traurig's counsel was spearheaded by Partners Agnieszka Stankiewicz and Karol Brzoskowski, among others.
Sectors
- Real Estate
- Legal Services
- Retail
- Investment Management
Geography
- Poland – The logistics facility is located in Bydgoszcz, Poland.
- Czech Republic – REICO IS EAM is part of the Ceska Sporitelna banking group, which operates within the Czech Republic.
Industry
- Real Estate – The acquisition of a logistics facility is pertinent to the real estate sector, involving commercial property transactions.
- Legal Services – The involvement of law firms CMS and Greenberg Traurig highlights the legal advisory industry in M&A transactions.
- Retail – The facility is leased to an international fashion retailer, indicating relevance to the retail industry.
- Investment Management – REICO Long Lease's role indicates activity in investment fund management.
Financials
- 103,864 square meters – The size of the rental space of the logistics facility acquired by REICO Long Lease.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| REICO Long Lease Fund | Bidding Company | Company | A fund managed by REICO IS EAM, part of the Ceska Sporitelna banking group within Erste Group. |
| LPP Distribution Center | Target Company | Company | A logistics facility located in Bydgoszcz. |
| REICO IS EAM | Other Company | Company | The asset management company managing REICO Long Lease Fund. |
| Ceska Sporitelna | Other Company | Company | Czech bank group part of Erste Group, associated with REICO IS EAM. |
| Erste Group | Other Company | Company | Large banking group in Central and Eastern Europe, of which Ceska Sporitelna is a part. |
| CMS | Legal Advisor for Buyer | Company | Provided legal advisory services to REICO Long Lease Fund in the acquisition. |
| Greenberg Traurig | Legal Advisor for Sellers | Company | Advised the sellers in the transaction. |