WARSAW - August 21, 2018 -The Warsaw office of Greenberg Traurig, LLP advised IREEF managed by Invesco Real Estate on the sale of the enterprise, i.e. IREEF-Crown Square Warsaw PropCosp. z o.o., owner of the Crown Square office building to M&A Capital.
Crown Square Building is in the immediate vicinity of the Rondo Daszyńskiego underground station. It offers over 16 thousand square meters of modern office space and 236 parking spaces. The office building was rated “Excellent” in the BREEAM system.
Greenberg Traurig provided IREEF with comprehensive legal advice on the sale and negotiation process of all transaction documents.
The transaction was led by Partner Agnieszka Stankiewicz, supported by Local Partner Magdalena Życzkowska-Jóźwiak, Associate Agnieszka Gul-Czajkowska, Senior Associate Gabriela Socha, and Associate Maxymilian Rybczyński.
“We are very pleased that we were able to represent the IREEF Fund in the sale of the Crown Square building, since we also advised the Fund with respect to the acquisition of that building in 2010. The completion of this transaction is even more satisfying for us, as in the years 2015-2017, we also represented the owner in the re-commercialization of the Crown Square building. Our full knowledge of the project, from acquisition to commercialization, enabled us to complete the transaction at an express rate of two months” - said Agnieszka Stankiewicz, Partner of Greenberg Traurig.
"The office market in Warsaw's Wola district is rich in new, technologically advanced office buildings. Meanwhile, the secondary market is also doing very well, the best example of which is Crown Square, a fully-leased building with the highest distinctions confirming its functionality in the field of sustainable development, and which is also perfectly connected with other districts of Warsaw. We are glad that we were able to represent the IREEF Fund in this prestigious transaction” - added Jolanta Nowakowska-Zimoch, Greenberg Traurig Partner and Head of Real Estate Practice in Poland.
Invesco Real Estate has been a world leader in real estate investment since 1983, first in the United States, then in Europe and Asia.
Real Estate Team of Greenberg Traurig
Our International Real Estate Group is one of the biggest in the world among the leading international law firms. Our real estate lawyers provide comprehensive legal solutions tailored to client’s needs, providing a full range of legal services in all matters related to real estate law, from supporting the clients in the acquisition of real estate to representing the tenants and owners, as well as supporting developers and lenders in their search for new solutions in the field of immovable property and related financial aspects. The Group comprises approx. 400 lawyers specializing in all aspects of real estate law, including real estate related M&A transaction, private equity, capital markets, finance and taxes.
The Warsaw Real Estate Team consists of over 40 top-class real estate law specialists who also deal with a wide range of the most important practices related to the real estate market. This team offers its clients unique experience and level of service in Poland and Central Europe.
Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2000 attorneys serving clients from 38 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 Award for Poland by International Financial Law Review (IFLR) and the 2017 Law Firm of the Year in Poland by Chambers and Partners. 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 the areas of Corporate/M&A, Capital Markets, Private Equity, project financing, court and arbitration proceedings, tax as well as such fields as: Real Estate, Energy, Banking and Finance, Insurance and TMTa.
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