Crido team includes almost 300 people, specializing in tax, legal, business and innovation advisory, financial modelling and corporate finance. A real estate team includes 2 partners and 6 managers specializing in structuring and transaction (30 people in total), additionally the Team is supported by 2 partners and their teams specializing respectively in tax litigation and transfer pricing for real estate as well as 2 managers on financial modelling. These teams cooperate closely with Crido Legal real estate team.
This allows to combine highest technical knowledge with deep industry experience at all aspects of tax advisory for real estate clients. At the same time the size and experience of the team allows us to manage a highly complicated projects from technical perspective but also as project managers. Being a member of the international Taxand network enables us to conduct cross-border deals and/or reorganizations, which is additional value for our clients.
Name of company CRIDO
Department head or senior representative in Poland, real estate Paweł Toński (Managing Partner, Head of the Real Estate Team)
Department head or senior representative profile Paweł Toński leads a real estate tax team of over 30 people (4 partners). With 20 years of experience is recognized by industry as leading tax expert. Paweł was crucial in designing and implementing structure models answering new tax environment in Poland and advised in major RE deals of the period. He is co-founder of Polish Commercial Real Estate Chamber. PINK’s expert in discussions with Ministry of Finance on tax changes impacting the industry, e.g. remitters obligations on share deals.
Short description of the company and team Crido team includes almost 300 people, specializing in tax, legal, business and innovation advisory, financial modelling and corporate finance. A real estate team includes 2 partners and 6 managers specializing in structuring and transaction (30 people in total), additionally the Team is supported by 2 partners and their teams specializing respectively in tax litigation and transfer pricing for real estate as well as 2 managers on financial modelling. These teams cooperate closely with Crido Legal real estate team.
This allows to combine highest technical knowledge with deep industry experience at all aspects of tax advisory for real estate clients. At the same time the size and experience of the team allows us to manage a highly complicated projects from technical perspective but also as project managers. Being a member of the international Taxand network enables us to conduct cross-border deals and/or reorganizations, which is additional value for our clients.
Major current clients Atrium, Atlas Estates, Benson Elliot, BPI, Capital Park, CBRE Global Investors, CPI, ECE, Galleon Capital, Globalworth, Golden Star Estates, Golub Gethouse, Echo Investment, EPP, Hines, HB Reavis, Heitman, IIC, IKEA, Immofinanz Group, Immobel, JW Construction, Klepierre, Mapletree, Nexity, Octava, Skanska, Trigranit, Unibail Rodamco Westfield, Unibep, White Star, 7R.
Major projects on the real estate market between October 2019 and September 2020 - COVID assistance over 300 cases on cash-flow oriented solutions (e.g. tax deferrals), around 300 letters, 18000 pages in total allowed 10+ RE groups to defer over EUR 30m of taxes (while no-print approach saved a lot of paper too!)
- another final court wins on VAT RE deals almost EUR 20m refunded to clients
- deal on biggest residential project for rent (> EUR 150m)
- clients’ trust allowed 2 teams to assist in sale (Heitman) and acquisition (Benson Elliot) of Marynarska
- sale of Postępu 14
- sale of 6 logistics parks by Hines
- acquisition of 4 logistic parks for a NewComer, Beskid Park by CBRE, 2 office building in Warsaw
- restructuring of RE portfolio worth almost EUR 3bn
- acquisition of over 20 plots for different logistics projects
- responsible for income tax filing for numerous projects worth over EUR 1bn
- constant dialogue with tax offices/Ministry of Finance to regulate refunds of minimal income tax
- transfer pricing for 30+ RE clients with transactions of several bi
Total value of transactions on the real estate market the company participated between October 2019 and September 2020 (in EUR) € 650m (real estate transactions); € 4bln under restructuring
Please say why your team should be considered for the award We are efficient and versatile. Our top-rank team assists in deals, tax litigations, transfer pricing planning and compliance, tax settlements and on-going tax advisory. A well-established and large team with deep industry knowledge and experience allows us to work any assignment regardless of scale or complicity as well as to understand current needs of clients and their actual business environment (immediate, focused and tailor-made assistance during early COVID days working as a perfect example). We focus on practical solutions, clear recommendations which give comfort to clients and allow to proceed with transactions despite rapidly changing tax environment and to prepare for these changes.
The team has excellent project management skills - on large reorganizations we cooperate with numerous parties involved in the processes such as banks, tax and legal advisors from various jurisdictions, technical advisors, etc.
Company website www.crido.pl
Name of company
CRIDO
Department head or senior representative in Poland, real estate
Paweł Toński (Managing Partner, Head of the Real Estate Team)
Department head or senior representative profile
Paweł Toński leads a real estate tax team of over 30 people (4 partners). With 20 years of experience is recognized by industry as leading tax expert. Paweł was crucial in designing and implementing structure models answering new tax environment in Poland and advised in major RE deals of the period. He is co-founder of Polish Commercial Real Estate Chamber. PINK’s expert in discussions with Ministry of Finance on tax changes impacting the industry, e.g. remitters obligations on share deals.
Short description of the company and team
Crido team includes almost 300 people, specializing in tax, legal, business and innovation advisory, financial modelling and corporate finance. A real estate team includes 2 partners and 6 managers specializing in structuring and transaction (30 people in total), additionally the Team is supported by 2 partners and their teams specializing respectively in tax litigation and transfer pricing for real estate as well as 2 managers on financial modelling. These teams cooperate closely with Crido Legal real estate team.
This allows to combine highest technical knowledge with deep industry experience at all aspects of tax advisory for real estate clients. At the same time the size and experience of the team allows us to manage a highly complicated projects from technical perspective but also as project managers. Being a member of the international Taxand network enables us to conduct cross-border deals and/or reorganizations, which is additional value for our clients.
Major current clients
Atrium, Atlas Estates, Benson Elliot, BPI, Capital Park, CBRE Global Investors, CPI, ECE, Galleon Capital, Globalworth, Golden Star Estates, Golub Gethouse, Echo Investment, EPP, Hines, HB Reavis, Heitman, IIC, IKEA, Immofinanz Group, Immobel, JW Construction, Klepierre, Mapletree, Nexity, Octava, Skanska, Trigranit, Unibail Rodamco Westfield, Unibep, White Star, 7R.
Major projects on the real estate market between October 2019 and September 2020
- COVID assistance over 300 cases on cash-flow oriented solutions (e.g. tax deferrals), around 300 letters, 18000 pages in total allowed 10+ RE groups to defer over EUR 30m of taxes (while no-print approach saved a lot of paper too!)
- another final court wins on VAT RE deals almost EUR 20m refunded to clients
- deal on biggest residential project for rent (> EUR 150m)
- clients’ trust allowed 2 teams to assist in sale (Heitman) and acquisition (Benson Elliot) of Marynarska
- sale of Postępu 14
- sale of 6 logistics parks by Hines
- acquisition of 4 logistic parks for a NewComer, Beskid Park by CBRE, 2 office building in Warsaw
- restructuring of RE portfolio worth almost EUR 3bn
- acquisition of over 20 plots for different logistics projects
- responsible for income tax filing for numerous projects worth over EUR 1bn
- constant dialogue with tax offices/Ministry of Finance to regulate refunds of minimal income tax
- transfer pricing for 30+ RE clients with transactions of several bi
Total value of transactions on the real estate market the company participated between October 2019 and September 2020 (in EUR)
€ 650m (real estate transactions); € 4bln under restructuring
Please say why your team should be considered for the award
We are efficient and versatile. Our top-rank team assists in deals, tax litigations, transfer pricing planning and compliance, tax settlements and on-going tax advisory. A well-established and large team with deep industry knowledge and experience allows us to work any assignment regardless of scale or complicity as well as to understand current needs of clients and their actual business environment (immediate, focused and tailor-made assistance during early COVID days working as a perfect example). We focus on practical solutions, clear recommendations which give comfort to clients and allow to proceed with transactions despite rapidly changing tax environment and to prepare for these changes.
The team has excellent project management skills - on large reorganizations we cooperate with numerous parties involved in the processes such as banks, tax and legal advisors from various jurisdictions, technical advisors, etc.
Company website
www.crido.pl