Dentons has advised Hines Poland Sustainable Income Fund on the acquisition of the Ambassador office building in Warsaw from Kronos Real Estate. The acquisition is HPSIF’s first.
According to Dentons, the class A 11-floor building is "located in the rapidly developing business district of Mokotow, was constructed in March 2013, and was the first completed investment of Kronos in Poland.” The firm also reported that the building has 14,900 square meters of office space and 1,000 square meters of retail space. It is currently undergoing BREEAM assessment.
Hines Poland will act as asset and property manager of the building and connected properties.
The Dentons team was led by Partner Pawel Debowski, assisted by Senior Associate Bartlomiej Kordeczka and Associate Martyna Racz-Suchocka.