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DLA Piper and Dentons Advise on PZU's Lease of Space in Generation Park Y with Skanska

DLA Piper and Dentons Advise on PZU's Lease of Space in Generation Park Y with Skanska

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DLA Piper has advised Grupa PZU on the lease of 47,000 square meters of office, retail, and warehouse space in the Generation Park Y in Warsaw from Skanska. Dentons advised Skanska on the deal.

The total estimated value of the lease contract over its ten-year term is approximately PLN 787 million gross and additional costs associated with the relocation are approximately PLN 65 million gross. 

DLA Piper describes Generation Park Y as "a 140-meter building with 38 over ground and four underground floors, 187 bicycle spaces, 325 parking spaces with electric car charging sockets, and a high-rise green terrace with a view over Warsaw city center." According to the firm, "Generation Park Y is due to be completed in the first quarter of 2021 with finishing works of the lease space due for completion in the second quarter of 2022 when space is scheduled to be delivered to PZU Group.”

DLA Piper’s team included Partner Jacek Gizinski and Senior Associate Agata Koczorowska. 

Dentons' team included Counsel Magdalena Szwarc-Brozyna and Senior Associate Anna Iwaszkiewicz.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

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The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

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