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Greenberg Traurig Advised Rockcastle in Year’s Largest Single Property Transaction in Poland

WARSAW – Sept. 28, 2016 -- Greenberg Traurig advised Rockcastle Global Real Estate, a property company specializing in retail centers in Central and Eastern Europe, in the acquisition of Bonarka City Center in Kraków, from TriGranit (TPG).

The value of the transaction was EUR 361 million, which makes it the largest single property transaction in Poland in 2016.

Greenberg Traurig provided Rockcastle with comprehensive legal advice with respect to the transaction, including legal due diligence and the negotiation of all transaction documents, as well as the sale agreement.

The transaction was led by Partner Agnieszka Stankiewicz and Local Partner Magdalena Życzkowska-Jóźwiak. Ms. Życzkowska-Jóźwiak was also responsible for conducting the legal due diligence, in which she was supported by Associates: Milena Mędrzycka, Anna Szczepankowska, Agnieszka Gul-Czajkowska, Dobrosław Płaska, Karol Lewandowski, and Michał Niećko.

Bonarka City Center comprises ca. 91,000 sq. m. and was opened in November 2009. The investment is located in Kraków, in the Podgorze district, between Kamieńskiego and Puszkarska streets. The shopping center consists of 270 units and more than 30 restaurants. The facility provides 3,200 free parking spaces.

Rockcastle is a listed entity with current market capitalization of USD 2 billion. Its investments comprise global real estate securities and a portfolio of direct property assets, which are owned and managed by the company including commercial property development projects, existing properties and real estate companies. Rockcastle has concluded eight significant property investments in Central Europe and intends to continue increasing its exposure and asset base in CEE for the foreseeable future.

About Greenberg Traurig's Real Estate Practice

The Greenberg Traurig 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 more than 300 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 Grzesiak sp.k.

Greenberg Traurig Grzesiak sp.k. was named the 2016 Law Firm of the Year in Poland - Client Service Award by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of 85 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, LLP

Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: Twitter: @GT_Law.