WARSAW, March 11, 2021 - Greenberg Traurig advised Tritax EuroBox on the transaction involving the sale of the warehouse leased to Castorama located in the Polish logistics hub of Stryków near Łódź to Savills Investment Management.
The property sold has a total area of over 101,500 sqm and the value of the transaction amounts to approx. EUR 65.5 million.
The Greenberg Traurig team was led by Counsel Barbara Pancer, supported by Senior Associate Karolina Olko and Associate Marcin Gralewski who coordinated the due diligence process.
Partner Jolanta Nowakowska-Zimoch supervised all work on the transaction.
In 2019, the Greenberg Traurig real estate team advised Tritax EuroBox on the acquisition of the property as well as the construction of the logistics centre which has been sold to Savills Investment Management.
“We are delighted to have advised Tritax EuroBox on both the sale transaction finalized this week, as well as the previous forward funding transaction in Stryków. Considering the number of logistics transactions taking place in the first quarter, we expect that the industrial and logistics sector will remain one of the most active transactional areas in Poland in 2021, delivering strong returns to investors,” said Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate team in Poland.
Tritax EuroBox invests in and manages a well-diversified portfolio of large Continental European logistics real estate assets, which fulfil key roles in the logistics and distribution supply chain.
Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2200 attorneys serving clients from 40 offices in the United States, Latin America, Europe, Asia, and the Middle East.
Greenberg Traurig Grzesiak sp.k. was named the 2019 and 2018 Most Innovative Law Firm of the Year Award for Poland by International Financial Law Review (IFLR) and the 2017 Law Firm of the Year in Poland by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.
About Greenberg Traurig's Real Estate Practice
Greenberg Traurig's Global Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive legal solutions for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of 400 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, and Latin America. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
Greenberg Traurig's real estate team in Warsaw consists of 40 top-rated specialists who cover a broad spectrum of core real estate and additional practices. The team offers clients an unparalleled level of legal experience and service in Poland and within Central Europe.
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