Greenberg Traurig has represented Mazovia Capital in the sale of the Mazovia Plaza office building to M7, a pan-European investor and asset manager.
The Mazovia Plaza office building, which is located in the historical district of Nowa Praga in Warsaw, offers over 5,000 square meters of leasable area. According to Greenberg Traurig, t was built in the 1950s as part of the socialist realism building complex of the Praga II housing project, designed by Jerzy Gieysztor. "Originally, the firm reports, "the building was intended as a workers' hostel, and for many years it functioned as the 'Nova Praga' city hotel. In 2000, it underwent a thorough modernization and became the headquarters of Strabag. In May 2016, it was acquired by the Mazovia Capital fund, an investment company specializing in the purchase and management of real estate and implementation of new projects as a developer."
The Greenberg Traurig team was supervised by Partner Agata Jurek-Zbrojska and led by Local Partner Justyna Szwech, supported by Senior Associate Zuzanna Bafia and Associate Agnieszka Stopinska.
Greenberg Traurig reported that it was unable to provide additional information about the deal.