In December 2015, Dentons’ Banking and Finance practice advised Bank PKO BP on loans to Qualia Group in connection with two seaside real estate projects in Poland. The team also advised Raiffeisen Bank Polska on financing for the same developer in connection with a residential complex in Gdańsk.

The Banking and Finance team advised lender PKO BP in relation to structuring and amending the legal and financial conditions of a PLN 153 million loan to Qualia Group for the development of the hotel and residential complexes “Golden Tulip Gdańsk Residence” and "Golden Tulip Międzyzdroje Residence”. Dentons prepared and negotiated amendments to the existing finance documents, prepared new finance documents and verified the conditions precedent for entry into force of the amendments.

The same team advised Raiffeisen Bank Polska as lender of PLN 64 million in financing for the development of the “Neptun Park” residential complex in Gdańsk - the neighbor of the “Golden Tulip Gdańsk Residence”. The scope of the project included the preparation and negotiation of the finance documents and verification of the conditions precedent for disbursement of the loans. Dentons also prepared the legal due diligence report for Raiffeisen Bank Polska covering real property issues as well as corporate matters of the borrower.

Both transactions were supervised by Partner Michał Mężykowski from the Banking and Finance practice.

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