Amstar Group, Ltd. and BBI Development Spolka Akcyjna (WSE:BBD) signed a binding letter of intent to acquire Zlota 44 from Orco Property Group SA (ENXTPA:ORC) for €63 million in July 2014. Amstar Group, Ltd. and BBI Development Spolka Akcyjna (WSE:BBD) signed an agreement to acquire Zlota 44 project from Orco Property Group SA (ENXTPA:ORC) on August 27, 2014. The purchase price will be partially payable upon completion of transfers and partially deferred upon the realization of certain conditions.

The transaction includes disposal of shares and of loan receivables acquired from Bank Polska Kasa Opieki S.A. by Orco Property Group. Monika Sitowicz and Jakub Sobotkowski of Dentons acted as legal advisors to Orco Property Group SA. Hogan Lovells (Paris) LLP acted as the legal advisor to Orco Property Group SA.

Eric Rosedale, Andrzej Wysokinski, Robert Lis and Bartosz Clemenz of Greenberg Traurig acted as legal advisor to Amstar Group, Ltd.