WKB Wierciński, Kwieciński, Baehr advised Qualia Development sp. z o.o. on their sale of shares in Residence Management sp. z o.o. to Chopin Airport Development sp. z o.o.
As a result of its purchase of 100% of shares in Residence Management, which is managed by Qualia Development, Chopin Airport Development will become the owner of two new properties – the Golden Tulip Gdańsk Residence and the Golden Tulip Międzyzdroje Residence.
Qualia Development is a real estate development company with many years of experience, renowned for applying the highest quality standards in the realisation of its projects, particularly in the housing investment market. Residence Management offers short-term property (apartment) leases and also sells such properties, while also managing commercial properties.
The conditional share sale agreement was signed during the 28th Economic Forum in Krynica in the presence of the Polish PM, Mateusz Morawiecki. The transaction’s closing is still pending, subject to Chopin Airport Development obtaining the clearance of the President of the Office of Competition and Consumer Protection.
WKB’s lawyers assisted Qualia Development throughout the entire transaction process, including in relation to the choice of the transaction’s structure, the preparation of the transaction documentation, and in the course of negotiations.
Jakub Jędrzejak (partner, co-head of the M&A practice), Anna Wyrzykowska (partner, Real Estate & Property Development practice), Magdalena Piszewska (senior associate, M&A) and Karol Filipiuk (senior associate, Real Estate & Property Development) made up the team advising the Client.
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