Greenberg Traurig has advised Hansainvest Real Assets GmbH on its acquisition of Generation Park X – the first building of Warsaw's Generation Park office project in Warsaw — from Skanska. Dentons advised Skanska on the deal, which was reportedly priced at around EUR 83 million.
According to a Hansainvest press release, "the first out of three office buildings of the Generation Park complex was completed in November 2017, [consisting of] approximately 21,000 square meters. Almost the entire office space is leased to Citi Service Center Poland, creating one of the company’s biggest shared service centers in a single location. The building enjoys an excellent position on a prominent corner location in the new business district of Warsaw, directly next to a metro line. The project is expected to receive a LEED Platinum certification." The acquisition is Hansainvest's second in Poland, following its December 2016 acquisition of the Atrium 2 project in December 2016.
Generation Park will comprise three office buildings with a total leasable area of around 84,000 square meters. The highest building, a 34-story tower, stands at 140 meters -- 180 meters including the spire.
Greenberg Traurig's team advising Hansainvest Real Assets in the acquisition was led by Partner Radomił Charzynski, supported by Senior Associate Olga Durawa and Associate Kamil Majewski.
The Dentons team advising Skanska was led by Partner Bartlomiej Kordeczka, supported by Senior Associate Martyna Racz-Suchocka.
Image Source: skanska.pl