Penteris Advises Summus Capital on Third Major Transaction

Penteris is proud to once again support Summus Capital, one of the leading real estate investment holding groups in the Baltics, in its latest acquisition in the Polish market. The Libero Katowice shopping centre was acquired at a value of EUR 103 million, marking the largest single-asset retail transaction of the year in Poland.

This marks Summus Capital’s third successful transaction in Poland with Penteris assistance, following the acquisition of React in Łódź and Lakeside in Warsaw.

Penteris put together a large team to provide expert legal and business support to Summus Capital. This included Head of Corporate/M&A Agnieszka Pytlas, Head of Banking & Finance Katarzyna Sawa-Rybaczek, Head of Tax Piotr Prokocki, Head of Compliance Jeremiasz Kuśmierz, Ewa Olszewska, Justyna Jóźwiak, Konrad Pecelerowicz, Natalia Olechnowicz, Marta Mizerska, Emilia Łowczyk, Antoni Łukasiewicz, and Konrad Gańczarczyk.

“Congratulations to Summus Capital on another successfully concluded transaction together. My thanks to our whole team and to Hannes Pihl for his trust in Penteris,” says team leader and Managing Partner Agnieszka Pytlas.

Hannes Pihl, Strategic Asset and Investment Management Partner at Summus Capital added, “Libero Katowice is a strong and well-positioned retail asset with well-known tenants and long-term potential. This acquisition reflects our long-term strategy to strengthen Summus Capital’s presence in Poland, which we perceive as one of the most dynamic real estate markets in the region, and to maintain the retail segment at approximately half of our portfolio to ensure continued value growth.”

Following this transaction, Summus Capital’s portfolio consists of 15 properties across the Baltics and Poland, with the Polish market now accounting for slightly more than 35%. The portfolio is diversified across retail, office, logistics, and medical properties, with a total value of EUR 565 million.

Penteris advised Summus Capital on the transaction. Greenberg Traurig advised the seller. International financial institutions Erste Group Bank AG and HYPO NOE Landesbank (für Wien und Niederösterreich) served as lenders advised by CMS.