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Greenberg Traurig Advised on a Record Breaking Lease Deal

WARSAW – Sept. 3, 2019 – Attorneys from the Warsaw office of Greenberg Traurig, LLP advised Golub GetHouse, the landlord, on a lease agreement concluded with mBank for office space in the Mennica Legacy Tower complex in Warsaw. As a result of the lease, the bank will occupy 45.6 thousand square meters in one of the most modern office buildings in Poland. During the negotiations, the lease space was increased by 5.6 thousand square meters, making it the largest transaction in the history of the Polish office space market.

The Greenberg Traurig transaction team was led by Local Partner Magdalena Życzkowska Jóźwiak, supported by Senior Associate Agnieszka Gul-Czajkowska.

“The volume of space leased makes this transaction both unique and exceptional. It also stands out because almost the entire space in the tower that forms part of the Mennica Legacy Tower complex is being rented to a renowned bank and its specific requirements had to be considered in the negotiating process. The agreement is therefore “tailor-made” in the true sense of the word. We are extremely pleased that we once more had the opportunity to represent Golub GetHouse in connection with another extremely prestigious lease agreement,” said Życzkowska-Jóźwiak.

The Mennica Legacy Tower complex consists of the 140-meter high Mennica Legacy Tower and the adjacent Western Building, with a total area of over 65.6 thousand square meters. The office building is being developed at the intersection of Prosta and Żelazna streets, in the Wola District of Warsaw.

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.

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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