Linklaters advises Somerston on the sale of Newbridge Poland to Greenman Group

Linklaters has advised Somerston Group, an international group engaged primarily in real estate investment and development, on the sale of Newbridge Poland, an asset manager and developer, to Greenman Group. The acquisition marks Greenman’s entry into the Polish market.

Newbridge Poland, rebranded into Greenman Poland, is an asset manager and developer in the convenience retail sector. Greenman Poland has EUR 150 million assets under management, comprising of retail parks and shopping centres totalling 87,000 sqm. The assets are anchored by leading European retailers including Carrefour, Rossmann, JYSK, Pepco and Spar.

The transaction was led by Monika Lerka (managing associate), supported by Ewa Sinkiewicz (senior associate), Michał Kostewicz (associate) and Aleksandra Mielniczuk (junior associate) from Warsaw real estate team, and Catherine Kremer (managing associate), Mariusz Wiese (associate), Anne Mauske (associate) from Linklaters’ Luxembourg office.