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Greenberg Traurig Warsaw Advised on One of the Largest and Longest Leases on the Polish Office Space Market

WARSAW - August 7, 2018 - Greenberg Traurig Warsaw Office advised Golub GetHouse, as the landlord, on lease concluded with WeWork, a global leader in flexible workspace, which became the exclusive tenant of office space in the Western Building of Mennica Legacy Tower complex. Mennica Legacy Tower complex is being developed on the corner of Prosta and Żelazna streets in Warsaw by Golub GetHouse and Mennica Polska.

The transaction was led by Local Partner Magdalena Życzkowska-Jóźwiak, who was supported by Associate Agnieszka Gul-Czajkowska and Associate Karol Lewandowski.

“We very much appreciate the opportunity to represent Golub GetHouse in this prestigious and unique lease on the Polish office space market, both because of the transaction size, as well as because of the highly original office space formula offered by WeWork, which perfectly matches the modern space created at Mennica Legacy Tower complex,” said Magdalena Życzkowska-Jóźwiak, Local Partner at Greenberg Traurig.

“As the significance of flexible workspace on the Polish office market has started to grow markedly, we at Greenberg Traurig are thrilled by the opportunity to contribute to these innovative projects” added Jolanta Nowakowska-Zimoch, Partner and Head of Greenberg Traurig Real Estate Practice in Poland. 

Mennica Legacy Tower complex, consisting of a 140-meter high Mennica Legacy Tower and an adjacent 43-meter Western Building, will have a total lease area of 65,630 sq. m. The complex was designed by the renowned Chicago-based Goettsch Partners architecture studio, which appointed Epstein, a recognized design and construction company, as its local partner for this project.

Golub GetHouse is a real estate developer and investment company with over 55 years of experience on the real estate market in the United States and Europe. In Poland, the company has already completed the following office buildings: Warsaw Financial Center, International Business Center, Warsaw Corporate Center and PRIME Corporate Center – the head office of Raiffeisen Polbank.

WeWork is a global network of workspaces and supporting services with over 5,000 employees worldwide. Among its clients are start-ups and large corporations, including IBM and HSBC. Currently, WeWork network comprises 253 thousand members who use over 280 offices located around the world.

Greenberg Traurig LLP: Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2000 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 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 more than 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 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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