JP Weber advised Vestel Group on the sale of production facility in Poland to LG Chem

2020-03-03

JP Weber Real Estate team is proud to have been supporting Vestel Group, a leading Turkish home and professional appliances manufacturing company, on the sale of production facility in Tarnobrzeg Special Economic Zone to LG Chem, a leading manufacturer of advanced batteries. The net transaction value amounted to USD 31.4 million.  

JP Weber has advised Vestel Polska Technology Center sp. z o.o. on the sale of land and TV assembly factory building, located in Biskupice Podgórne (Tarnobrzeg Special Economic Zone). The buyer, LG Chem Wrocław Energy Sp. z o.o is a Korean company, manufacturing lithium-ion batteries for automotive application in Europe.  

JP Weber's advisory services included, among others, defining the sales strategy, transaction structuring, preparing transaction documentation, negotiations as well as comprehensive business and legal advice. JP Weber team was led by PhD Marcin Dudarski, Partner at JP Weber, in charge of Real Estate Advisory, supported by advisors: Łukasz Legięć, Wawrzyniec Mucowski and Waldemar Weintritt. 

“We are pleased to have advised Vestel on this complex real estate transaction, which required an interdisciplinary approach, including not only legal but also business perspective” - said Marcin Dudarski.