Greenberg Traurig has advised the Polsat Plus Group on the joint venture agreement between its affiliates and HB Reavis and the EUR 24.3 million sale of 50% stakes in Port Praski City II and Port Praski Medical Center to HB Reavis. Clifford Chance advised HB Reavis.
The transaction remains contingent on regulatory approval.
According to Greenberg Traurig, "the joint project will consist in the development of a property situated in Warsaw with high-end office buildings with additional retail space."
The Polsat Plus Group is an integrated media and telecommunications services provider in Poland. HB Reavis is a European office properties developer.
The Greenberg Traurig team was led by Partner Daniel Kaczorowski and Senior Associate Agnieszka Stopinska and included Partners Radomil Charzynski and Robert Gago, Senior Associates Anna Celejewska-Rajchert and Filip Drgas, and Associates Michal Kuratowski, Mateusz Rydzewski, and Anna Brynska.
The Clifford Chance team was led by Partner Daniel Kopania and included Counsel Krzysztof Hajdamowicz, Senior Associates Marta Szczecinska and Katarzyna Paczek, and Associates Katarzyna Kuchta and Oliwia Hutnik.