WARSAW – 27 May 2025 – Greenberg Traurig advised Invesco Real Estate in connection with the negotiations and signing of four corporate power purchase agreements (cPPAs) with Polenergia Sprzedaż, a leader on the Polish renewable energy market, for the supply of green energy with guarantees of origin to prestigious commercial properties situated in Warsaw, Kraków and Poznań.
In addition, the consulting firm Colliers supported Invesco Real Estate in developing a tailored strategy for contracting the appropriate energy capacity in line with consumption profiles, assessing business risks and validating energy pricing, taking into account negative pricing scenarios and compulsory curtailments of generation.
The properties include the Plac Unii office and retail complex and the Q22 office building in Warsaw, the Galeria Kazimierz shopping center in Kraków and the P2 office building in Poznań, all owned by Invesco Real Estate.
Energy for the four properties is supplied by Polenergia's wind farms, ensuring direct supply of energy from specific renewable energy sources.
In addition to the cPPAs, Greenberg Traurig also advised Invesco Real Estate on the negotiation and signing of supplementary agreements for the supply of energy and provision of balancing services.
The negotiations were led by Associate Rafał Kulpa, who was supervised by Konrad Kosicki, Partner and Head of the Energy and Natural Resources Practice in the Warsaw office of Greenberg Traurig.
On behalf of Colliers, Dariusz Chrzanowski, Director of the Energy Advisory Department, represented Invesco Real Estate.
Invesco Real Estate is a global leader in the real estate investment management business with EUR 76.2 billion in real estate assets under management, 606 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has a 40-year investment history and has been actively investing across the risk-return spectrum, from core to opportunistic, in equity and debt real estate strategies, and in direct and listed real estate for its c. 450 institutional client relationships during this time. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, with 187 employees. It manages 205 assets across 14 European countries and with assets under management of EUR 15.7 billion. The team has a strong track record across all the commercial sectors, hotels and residential sectors as of 30 September 2024.