JDP supported Trei Real Estate – an international developer and asset holder for residential and retail real estate – to set up a joint venture with Patron Capital, a pan-European institutional investor focused on property-backed investments.

Trei Real Estate and Patron Capital have created a new joint venture in order to develop several retail parks located across Poland under Vendo brand – which is one of the leading retail parks brand in Poland. Funding for the acquisition comes from Patron Capital’s recently closed Fund VI.

The partners plan to invest approximately €140 million over the next three to five years, with an initial target of between 15 and 20 Vendo Parks in regional Polish cities.

JDP assisted Trei Real Estate on all legal aspects connected with formation and negotiation of a joint venture agreement along with all ancillary documentation relating to the joint venture structure as well as on the antitrust clearance.

Read more: Patron Capital and Trei Real Estate form €140 million joint venture for developing retail parks in Poland

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