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Greenberg Traurig advised Somerston Group on the acquisition of three shopping centers in Poland

Warsaw – Feb. 2, 2018 – Greenberg Traurig, LLP represented Somerston Group, an international investor engaged primarily in real estate investment and development, through its affiliate Newbridge Poland, a Warsaw-based investment and development firm, in the acquisition of three shopping centers in Toruń (Centrum Handlowe Bielawy), Kraków (Centrum Handlowe Czyżyny) and Łódź (Centrum Handlowe Guliwer).

The transaction was carried out through the acquisition of all rights and obligations of the limited partners and the general partner of three limited partnerships holding the shopping centers.

Greenberg Traurig provided comprehensive legal advice with respect to the transaction, including the due diligence process, negotiation of the transaction documentation, and financing in the form of a senior facility and a mezzanine loan.

“With this transaction our real estate team yet again demonstrated its significant experience in advising clients not only on a broad spectrum of core real estate but also in related practices such as complex financings,” said Agnieszka Stankiewicz, Partner at the Warsaw office of Greenberg Traurig.

The Greenberg Traurig transaction team was led by Partner Agnieszka Stankiewicz, supported by Local Partner Magdalena Życzkowska-Jóźwiak, Senior Associate Małgorzata Kercz, and Associates: Milena Mędrzycka, Anna Szczepankowska, and Samanta Wenda-Uszyńska. Local Partner Aleksander Janiszewski, Senior Associate Paweł Jaśkiewicz, and Associate Karol Lewandowski were responsible for the financing aspects of the transaction.

Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2,000 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig Grzesiak sp.k. was named the 2017 Law Firm of the Year in Poland and 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 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 counsel 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 more than 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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