Noerr advises TAG on acquisition of Polish residential property developer ROBYG and bridging loan

With a team led by Radosław Biedecki, Andreas Naujoks and Torsten Wehrhahn, Noerr has advised TAG Immobilien AG on the acquisition of ROBYG S.A. and a EUR 750 million bridging loan.

ROBYG is Poland’s largest residential property developer. The seller is Bricks Acquisitions Limited, a company controlled by The Goldman Sachs Group, Inc. and funds advised by affiliates of Centerbridge Partners L.P.

The purchase price, potential repayments of ROBYG’s existing debt and additional working capital for ROBYG’s investments will be financed by a bridging loan of up to EUR 750 million provided by Bank of America, Credit Suisse, Deutsche Bank and Société Générale.

Subject to regulatory approval, the acquisition is expected to be completed in the first quarter of 2022.

Advisors to TAG Immobilien AG: Noerr Partnerschaftsgesellschaft mbB

Team lead: Radosław Biedecki (Real Estate Investment Group, Warsaw), Andreas Naujoks, Dr Torsten Wehrhahn (Banking & Finance, Frankfurt)

Real Estate Investment Group
Dorota Kęsik, Tomasz Malerczyk (Warsaw)

Banking & Finance
Andreas Naujoks, Dr Torsten Wehrhahn, Patrick Geist (Frankfurt)
Konrad Werner (Warsaw)

Capital Markets
Dr Laurenz Wieneke (Frankfurt)

Corporate/M&A
Anna Mirek, Jerzy Kapitańczuk, Waldemar Oryński, Jakub Jedliński (Warsaw)

Corporate & Financial Litigation
Izabela Kijak (Warsaw)

Employment
Katarzyna Zwierz-Wilkocka (Warsaw)