White & Case has advised global coordinator and book-runner Bank Zachodni WBK S.A. on the issue of 286,624,204 new shares in Globalworth Poland Real Estate N.V., part of a private issue with a total value of EUR 450 million.
White & Case reports that the deal represents the largest private share issue in Poland to date in 2018.
Globalworth Poland Real Estate, previously Griffin Premium RE. N.V., a Polish office real estate platform, has been listed on the Warsaw Stock Exchange since April 2017. According to a White & Case press release, the company will use the proceeds from the private issue to purchase new real estate, repay certain loans or credits, and for general corporate purposes.
The White & Case team in Warsaw included Partner Marcin Studniarek, Local Partner Rafal Kaminski, and Associate Monika Duzynska.