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Clifford Chance and Dentons Advise on PPF Real Estate Acquisition of New City from Hines Polska

Clifford Chance and Dentons Advise on PPF Real Estate Acquisition of New City from Hines Polska

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Clifford Chance has advised international investment group PPF Real Estate Holding on the acquisition and financing of the New City office park in Warsaw from Hines Polska. Dentons advised the seller. 

New City has a leasable area of 45,000 square meters and is located in the Mokotow district in Warsaw.

"The Warsaw real estate market is booming, being one of the most liquid in Central and Eastern Europe," PPF Real Estate Investment Manager Jiri Sykora commented. "We thoroughly assessed the location, and despite the local market not having avoided the coronavirus pandemic’s adverse economic effects, New City has shown a high degree of stability compared to other office centers."

The Clifford Chance team was led by Partner Daniel Kopania and included Senior Associates Katarzyna Paczek, Maciej Bochenski and Tomasz Walerowicz, and Associate Oliwia Hutnik.

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 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

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

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