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Greenberg Traurig advised HB Reavis on the EUR 200 million sale of Gdański Business Center – two office buildings located in Warsaw

WARSAW – Sept. 13, 2018 – Greenberg Traurig advised HB Reavis Group on the sale of two A class office buildings, part of the Gdański Business Center complex in the center of Warsaw. The transaction was conducted through the sale of the corporate structure (including the shares and rights and obligations of the general partners) owning the two office buildings – Gdański Business Center C and D (GBC) – to Savills Investment Management who acted on behalf of a global pension fund client. The value of the transaction exceeded EUR 200 million. This transaction one of the biggest of its kind in Poland in 2018.

"The opportunity to work on such a prestigious transaction is proof that we have become one of the unquestionable leaders on the Polish real estate market during these last three years, since the first enlargement of our real estate team in 2015,” said Jolanta Nowakowska-Zimoch, Partner at Greenberg Traurig and Head of Real Estate in Poland.

Greenberg Traurig provided HB Reavis Group with comprehensive legal advice with respect to the transaction and the negotiation of all transaction documents.

The Transaction was led by Partner Radomił Charzyński, supported by Senior Associate Olga Durawa and Associates Filip Widuch and Jakub Gajzler.

The entire GBC complex comprises four A class office buildings and provides ca. 100,000 m² GLA. It combines high quality office space with a unique environment and convenient location. The first two of the four GBC office buildings (i.e. GBC A and B) were sold in December 2016 for EUR 186 million to the same entity, also with the participation of Greenberg Traurig.

“We are very proud that once again we had the chance to work on a transaction that involves the GBC complex. Our knowledge of the asset significantly helped us to provide HB Reavis with a legal service in a timely and cost-effective manner,” said Radomił Charzyński, Partner at Greenberg Traurig in Warsaw.

About Greenberg Traurig's Real Estate Practice: Our International Real Estate Group is one of the biggest in the world among the leading international law firms. Our real estate lawyers provide comprehensive legal solutions tailored to client’s needs, providing a full range of legal services in all matters related to real estate law, from supporting the clients in the acquisition of real estate to representing the tenants and owners, as well as supporting developers and lenders in their search for new solutions in the field of immovable property and related financial aspects. The Group comprises approx. 400 lawyers specializing in all aspects of real estate law, including real estate related M&A transaction, private equity, capital markets, finance and taxes.

The Warsaw Real Estate Team consists of over 40 top-class real estate law specialists who also deal with a wide range of the most important practices related to the real estate market. This team offers its clients unique experience and level of service in Poland and Central Europe.

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. Greenberg Traurig in Poland provides legal services to the largest Polish and international companies and institutions in Central Europe and beyond. The Warsaw office has over 100 lawyers considered to be the leading lawyers in Poland. 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, Private Equity, project financing, court and arbitration proceedings, tax as well as such fields as: Real Estate, Energy, Banking and Finance, Insurance and TMTa.

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