icon_arrow_bulkyicon_arrow_thinicon_blogicon_bookmarkicon_calendaricon_chevron_closedicon_chevron_openicon_closeicon_commenticon_documenticon_downloadicon_eguideicon_globeicon_lawnowicon_linkedinicon_listicon_locationicon_mailicon_menuicon_newsicon_newslettericon_phoneicon_pinicon_printicon_replyicon_retweeticon_searchicon_shareicon_share_alticon_staricon_targeticon_thumbs_upicon_twittericon_uploadicon_user_cardicon_usersicon_xing

Recently published

Jurisdiction / Region

  • Loading...

More information

Expertise

CMS Worldwide

Selected jurisdiction

Types

Latest news

Press contact

Types

Recommended

Latest

Jurisdiction

404 - Page not found

404 - Page not found




Unfortunately, we can’t seem to find the page you’re looking for.

Error code: 404

Topics

Types

Next Events

Calendar

CMS on LinkedIn

Follow us

CMS has provided on a Polish hotel investment project in the UK

5 December 2017

CMS has provided advice to Bank Gospodarstwa Krajowego in relation to financing the construction of a Courtyard by Marriott hotel in Edinburgh co - owned by the Polish family company Polcom Group. The value of the project is GBP 14 million.

The hotel in Edinburgh was officially opened on 22 November 2017. Ultimately it will be financed by three entities: Polcom Group, Fundusz Ekspansji Zagranicznej and BGK, which provides 60 percent of the financing (GBP 8.5 million). Polcom and FEZ, managed by PFR TFI, will take up 51 percent and 49 percent of shares respectively. Polcom has announced a further investment that may exceed the value of GBP 120 million, meaning it will be the largest Polish investment in the UK.

The CMS team that advised BGK on the provision of financing for this project was headed by Tomasz Zwoliński (counsel, legal advisor), and comprised Jakub Rachwol (senior associate, legal advisor) and Maciej Dobrzelak (lawyer, trainee advocate), in cooperation with the CMS Banking and Finance Team in Edinburgh.