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WARSAW – Oct. 17, 2019 – Greenberg Traurig, LLP has advised the WING Group, one of the largest privately-owned real estate companies in Hungary, specializing in office, industrial, retail, residential, hotel and special projects primarily in Budapest, in an agreement to acquire Lisala sp. z o.o. from Echo Partners B.V.  Echo Partners is owned by affiliates of Oaktree and PIMCO, and through Lisala it holds 55.95% of the shares of Echo Investment S.A. 

The completion of the transaction is subject to clearance by the Polish Office of Competition and Consumer Protection.  

The Greenberg Traurig Team was led by Partners Stephen Horvath and Jolanta Nowakowska-Zimoch with principal support from Local Partner Michal Bobrzyński and Senior Associates Maciej Pietrzak and Kamil Majewski, supported by the firm’s multidisciplinary team of lawyers, including Real Estate: Associates Karolina Woronko-Kawa, Michał Niećko, Maxymilian Rybczyński and Paralegal Michał Gruza; Banking & Finance: Partner Andrzej Wysokiński and Senior Associate Mateusz Koronkiewicz; Corporate: Partner Michał Fereniec, Senior Associate Agata Wiśniewska and Associates Magdalena Medyńska and Majka Rucińska; Employment: Local Partner Anna Hałas-Krawczyk and Associate Natalia Wołkowycka, and Competition: Partner Robert Gago and Associates Filip Drgas, Agnieszka Stopińska and Marta Kownacka. Partner Eric Rosedale provided strategic advice to WING Group on this transaction.

This is the third recent transaction on which Greenberg Traurig’s market leading M&A and Real Estate teams have worked together to assist clients acquiring publicly listed real estate companies in Poland, after the acquisition of Robyg by Goldman Sachs and Capital Park by Madison International Realty.

Echo is the largest Polish developer, and is listed on the Warsaw Stock Exchange. The Echo Group is involved in the construction, lease and sale of office and retail buildings, construction and sale of residential buildings as well as trade in real estate in Poland. 

Greenberg Traurig LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2100 attorneys serving clients from 41 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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WARSAW – Oct. 15, 2019 –
WARSAW – Oct. 15, 2019 –