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Greenberg Traurig advised Panattoni Development Europe on the acquisition and development of land in Gdańsk

WARSAW - 1 July 2020 - Greenberg Traurig advised Panattoni Development Europe on a transaction involving the acquisition of an undeveloped plot located in Gdańsk from several sellers. Advice on the transaction included negotiation and signing of the development management agreement regulating the planned development of land with a warehouse building and its lease as a multi-tenant scheme.

The project will have a total warehouse space of approximately 34.000 sq.m.

The transaction was led by Local Partner Małgorzata Madej-Balcerowska, supported by Associate Katarzyna Dziewulska.

Partner Jolanta Nowakowska-Zimoch provided strategic advice on the transactions.

The transaction was negotiated and signed under extraordinary circumstances due to the coronavirus (COVID-19) pandemic and with preserving all safety measures for all its participants.

This is yet another Panattoni transaction closed by our real estate team in challenging market conditions. There is no doubt that the logistic sector remains very active despite the turbulent circumstances,” said Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate team in Poland.

Panattoni Europe is the European branch of one of the world’s largest industrial developers, the Panattoni Development Company, and is currently celebrating its 15-year presence on the European market.

Greenberg Traurig LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2200 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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