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Greenberg Traurig advised White Stone Development on the acquisition of a property in Warsaw

WARSAW, September 22, 2021 - Greenberg Traurig advised White Stone Development on the acquisition of a 200,000 sq.m. property located in the Bielany district of Warsaw. The property, consisting of over 100 plots of land, will be developed with a large mixed-use project, which is expected to have a significant impact on the growth and revitalization of districts located in the northern parts of Warsaw. The transaction was carried out in several stages.

The Greenberg Traurig team was led and supervised by Local Partner Dominik Rafałko, who was supported by Associates Jakub Gajzler and Marta Trębacka. The transaction team also included Associates Maxymilian Rybczyński and Krzysztof Popławski.

“This transaction shows the expected direction of the real estate market in the post-Covid reality – development of office buildings outside crowded city centers and closer to residential areas. The mix of different designations in the vicinity of the Młociny metro station and the intended revitalization of the Młociny district may make this area unique on the map of Warsaw. We are very proud that we could advise our long-term Client on this project and keep our fingers crossed for its development,” said Dominik Rafałko, Local Partner in the Real Estate Practice.

White Stone is a developer of modern commercial and residential real estate in Poland. The company's portfolio includes small residential projects and large, multi-storey apartment buildings, class A office complexes and historical properties undergoing revitalization, such as Fort Mokotów in Warsaw.

Greenberg Traurig, LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2300 attorneys serving clients from 40 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). 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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