Greenberg Traurig has advised Rockcastle Global Real Estate, a property company specializing in retail centers in Central and Eastern Europe, on the acquisition of Krakow’s Bonarka City Center from TriGranit (TPG). Dentons advised TriGranit on the transaction, which was valued at EUR 361 million, making it the largest single property transaction in Poland in 2016.
Bonarka City Center — which covers approximately 91,000 square meters and consists of 270 units and more than 30 restaurants — opened in November 2009. It is located in the Podgorze district of Krakow, between Kamienskiego and Puszkarska streets. The facility also includes 3,200 parking spaces.
Rockcastle is a listed entity with current market capitalization of USD 2 billion. Its investments include global real estate securities and a portfolio of direct property assets, including commercial property development projects, existing properties, and real estate companies.
The Greenberg Traurig team was led by Partner Agnieszka Stankiewicz and Local Partner Magdalena Zyczkowska-Jozwiak, who was supported on the legal due diligence by Associates Milena Medrzycka, Anna Szczepankowska, Agnieszka Gul-Czajkowska, Dobrosław Plaska, Karol Lewandowski, and Michał Niecko.
The Dentons team was led by Partner Elzbieta Lis.