Fri, Apr
47 New Articles

Greenberg Traurig and Clifford Chance Advise on Large Warsaw Real Estate Transaction

Greenberg Traurig and Clifford Chance Advise on Large Warsaw Real Estate Transaction

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Greenberg Traurig has advised the HB Reavis Group on the sale of two A class office buildings that are part of the Gdanski Business Center complex in the center of Warsaw to Savills Investment Management, acting on behalf of Malaysia's Employees Provident Fund. The value of the transaction exceeded EUR 200 million.

The entire GBC complex consists of four A class office buildings and provides approximately 100,000 square meters of general leasing area. The first two office buildings in the complex (GBC A and B) were sold in December 2016 for EUR 186 million, also to Savills. Both Greenberg Traurig and Clifford Chance were involved in that earlier deal as well.

This transaction, which involved the GBC C and D buildings, was conducted through the sale of the corporate structure (including the shares and rights and obligations of the general partners) owning the two office buildings. According to Clifford Chance, "the nearly 8-month-long transaction transformed during its course from a relatively simple real estate acquisition transaction into a complex share deal, involving also other jurisdictions, in particular Luxembourg, Netherlands, and Slovakia." The firm described the deal as "one of the largest transactions on the Polish real estate market in 2018."

The Greenberg Traurig team was led by Partner Radomil Charzynski, supported by Senior Associate Olga Durawa and Associates Filip Widuch and Jakub Gajzler.

The Clifford Chance team in Warsaw consisted of Partner Daniel Kopania, Counsel Aleksandra Jach, Senior Associate Katarzyna Perkowska, and Associate Anna Misztela, working with Luxembourg Senior Associates Frederique Davister and Stefany Sassi and Prague-based Senior Associate Stanislav Holec.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue