CMS has advised Amundi Real Estate on its acquisition of Nowogrodzka Square, a Class A office and retail building in Warsaw, from Polish property developer Yareal. Gide Loyrette Nouel advised Yareal.
With a surface area of 11,529 square meters over six floors, the building, which also includes terraces and an underground carpark with 147 spaces, is leased to ten tenants.
“The acquisition of this recent, secure, and well-located asset in Warsaw is our debut transaction in the Polish commercial property market.This award-winning building complements our portfolio and illustrates our capacity for international diversification," said Jean-Marc Coly, Chief Executive Officer of Amundi Real Estate.
The CMS team included Partners Anna Brzoza-Ostrowska and Lukasz Dynysiuk, Lawyer Justyna Bartnik, Senior Associate Katarzyna Szostak, Associate Rafal Dostatni, and Counsel Mateusz Wosiek.
Gide Loyrette Nouel’s team was headed by Counsel Blazej Czwarnok and included Associates Rafal Osetek, Agnieszka Biernacka, and Aleksandra Kobylinska.