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Greenberg Traurig represented Akron Investment fund in the sale of the Warsaw Trade Tower office building

WARSAW – April 4, 2019 – The Warsaw office of Greenberg Traurig represented Akron Investment Central Eastern Europe II and Heitman, acting as the asset manager, in the sale of the Warsaw Trade Tower office building to Globalworth Poland Real Estate.

The transaction was carried out through the sale of 100% of the shares in the company holding the legal title to the Warsaw Trade Tower building, located at ul. Chłodna 51 in Warsaw’s Wola district.

“This is yet another successful sale of a property on the capital’s real estate market for us this year. Its unique nature is highlighted by the fact that Warsaw Trade Tower is one of only a few key and prestigious properties in the very heart of Warsaw. We are proud that our Clients demonstrate confidence in our Team by trusting us with demanding transactions. This is the best recognition for our professionalism and commitment to work for clients”, said Jolanta Nowakowska-Zimoch, partner and head of the Real Estate Group at the Warsaw office of Greenberg Traurig.

The Greenberg Traurig team was led by Partner Agata Jurek-Zbrojska, who was supported by Local Partner Dominik Rafałko and Associate Jakub Gajzler. Advice was also provided at different stages of the project by Local Partner Małgorzata Madej-Balcerowska and Senior Associates: Zuzanna Bafia, Paweł Jaśkiewicz and Kamil Majewski.  

The Warsaw Trade Tower building is a 38-story office building located in the Wola district of Warsaw and is one of the tallest skyscrapers in the capital. It provides 45 400 m2 GLA, and has attractive common areas, which have largely been modernized. The property is home to leading commercial tenants, including corporations and large international companies.

Akron Investment Central Eastern Europe II is a fund belonging to the Akron Group, an Austrian group investing in office, commercial and logistics properties.

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 more than 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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Greenberg Traurig LLP

Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2000 attorneys serving clients from 39 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig Grzesiak sp.k. was named the 2018 Most Innovative Law Firm of the Year for Poland by International Financial Law Review (IFLR) and the 2017 Law Firm of the Year in Poland by Chambers and Partners. Greenberg Traurig was ranked as number one in the Mergermarket Global & Regional M&A Report 2018 with respect to the value of M&A transactions handled in Poland in 2018. The total value of the transactions on which Greenberg Traurig advised its clients amounted to USD 2.807 billion.

Greenberg Traurig in Poland provides legal services to the largest Polish and international companies and institutions in Central Europe and beyond. The Warsaw office has over 100 lawyers considered to be the leading lawyers in Poland. 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 in the areas of Corporate/M&A, Capital Markets, Private Equity, project financing, competition law, court and arbitration proceedings, tax as well as such fields as: Real Estate, Energy, Banking and Finance, Insurance and TMT.