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Allen & Overy advises FLE GmbH on acquisition of Cash & Carry properties in Poland

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Michal Matera

Partner

Warsaw

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Piotr Przybylski

Counsel

Warsaw

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Madra Anna
Anna Madra

Counsel

Warsaw

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02 September 2019

WARSAW – Allen & Overy advised FLE GmbH, Vienna, subsidiary of French LFPI Group, investing on behalf of an AIF regulated fund, on its acquisition of five wholesale Makro Cash and Carry stores from Metro Properties, the real estate company of METRO AG.

The total value of portfolio acquired by FLE GmbH from METRO AG exceeds EUR 250 million  and includes eleven established properties comprising of five MAKRO Cash & Carry stores in Poland (Warsaw, Wroclaw, Krakow and Lublin), three METRO Cash & Carry properties in Hungary (Budapest) and three MAKRO Cash & Carry markets in Czech Republic (Prague).

The Allen & Overy team was supervised by partner Michal Matera, led by senior associate Piotr Przybylski and assisted by senior associate Anna Mądra, and associates Krystyna Fatyga and Maciej Wroniak.

Michał Matera said: “I am proud we could be part of such an innovative project. Our participation in it strengthens Allen & Overy Poland’s position as leading advisors in the real estate sector.

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