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Dentons and DLA Piper Advise on Varso Place Financing

Dentons and DLA Piper Advise on Varso Place Financing

Poland
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Dentons Warsaw has advised HB Reavis on the EUR 350 million financing granted to its three subsidiaries by a syndicate of Santander Bank Polska, Helaba, Bank Pekao, and UniCredit for the construction of Varso Place in Warsaw. The banks were advised by DLA Piper.

Dentons describes the financing as "the largest construction loan in the history of the Polish real estate market."

The development of Varso Place, which will include a 53-floor high-rise building of approximately 144 500 square meters, is already underway. According to the DLA Piper press release, when construction is completed in 2021, the Varso Tower, will be the tallest office building in the European Union.

Dentons’ team consisted of Partner Mateusz Toczyski, Counsels Bartosz Nojek, Piotr Nerwinski, and Tomasz Krasowski, and Associate Magda Kulesza. 

The DLA Piper Warsaw team consisted of Partner Mariusza Hyla, Counsel Bartek Palusiak, and Associates Jakub Zienkiewicz, Marta Piotrkowicz, and Jaroslaw Spodar.   

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.