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Greenberg Traurig advised Indotek on the acquisition of an office portfolio in Warsaw

WARSAW, APRIL 9, 2021 - Greenberg Traurig advised Indotek, a Hungarian investment manager, on the transaction involving the acquisition of an office portfolio from Immofinanz. 

The newly acquired portfolio consists of four office properties located in Warsaw: 

  • myhive Brama Zachodnia - an office building located at Aleje Jerozolimskie with a total leasable area of 24,000 sqm;
  • Cybernetyki Office Centre – a 6-floor office building located at ul. Cybernetyki with a total leasable area of 7,400 sqm;
  • Taifun Office Centre - an office building located at ul. Jutrzenki with a total leasable area of 7,000 sqm;
  • Bokserska Office Centre – a 6-floor office building located at ul. Cybernetyki with a total leasable area of 6,500 sqm.

The value of the transaction amounts to approx. EUR 72.5 million. 

The Greenberg Traurig team was co-led by Senior Associates: Aleksandra Kaczmarek and Paweł Jaśkiewicz, supported by Senior Associate Karolina Olko and Associates: Jakub Gajzler and Alicja Flis as well as Marta Trębacka. Partner Aleksander Janiszewski supervised the financing aspects of the transaction. 

Partner Radomił Charzyński supervised all work on the transaction. 

“We are delighted to have been able to advise Indotek on finalizing such a significant transaction despite the pandemic-related difficulties and the ensuing delay, and to assist the Client in entering the Polish office market,” said Radomił Charzyński, Partner in the Warsaw office real estate practice.

The Indotek Group is one of Hungary’s major investment managers with a diversified portfolio comprising more than 1.7 million sqm of buildable and leasable area. The company operates more than 30 office buildings, more than 20 shopping centers and some 100 warehouses, industrial halls and logistics parks. The Group is predominantly active in Hungary, but is also seeking investment opportunities in the Central, Eastern and Southern European markets. 

Greenberg Traurig LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2200 attorneys serving clients from 40 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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