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Greenberg Traurig Advises Madison International Realty on Acquisition of Warsaw's Chmielna 89 Office Building

Greenberg Traurig Advises Madison International Realty on Acquisition of Warsaw's Chmielna 89 Office Building

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Greenberg Traurig has advised Madison International Realty on its acquisition of an unspecified stake in Cavatina Office sp. z o.o., the owner of the Chmielna 89 office building in Warsaw, from Cavatina Holding S.A., as well as on its entry into a joint venture agreement with Cavatina Holding S.A. and the refinancing of the existing bank debt of Cavatina Office sp. z o.o. Dentons reportedly advised Cavatina Holding S.A. on the deal.

Chmielna 89, which is leased almost entirely to PKO BP, is an office building with a shape resembling a crystal that is located in the business center of Warsaw. The 14-story office building, which offers over 25 thousand square meters of work space, received BREEAM certification at the Excellent level and several awards, including the European Property Award (2018) and the International Property Award (2019).

Greenberg Traurig's team was led Senior Associate Kamil Majewski and included Associates Karolina Woronko-Kawa, Michal Niecko, and Filip Widuch. The team advising on financing aspects of the transaction was led by Partner Aleksander Janiszewski and included Senior Associates Pawel Jaskiewicz and Paulina Kimla-Kaczorowska and Associates Iga Czerniak and Katarzyna Goljan. Senior Associate Karolina Olko was responsible for W&I insurance negotiations, and The diligence team included Senior Associate Adam Narloch and Associates Alicja Flis, Maxymilian Rybczynski, Tomasz Denko, Angelika Makar, and Marta Kownacka. Partner Radomil Charzynski supervised all work on the transaction.

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