WARSAW, August 16, 2021 - Greenberg Traurig represented Capital Park on the transaction involving the sale of a property to be developed with a residential and commercial project to Marvipol Development.
The property, which is located at Aleje Jerozolimskie in the Ochota district of Warsaw, has a total area of nearly 6,000 sqm. A building permit for the property has already been obtained. The value of the transaction amounts to EUR 20 million. The project to be developed by Marvipol Development includes approx. 500 residential and commercial units.
The transaction was led by Senior Associate Kamil Majewski who was supported by Associate Alicja Flis.
Partner Radomił Charzyński provided strategic advice and supervised all work on the transaction.
“We are delighted to have been able to advise Capital Park again on finalizing the sale of the property in such a significant business location in Warsaw” said Radomił Charzyński, Partner in the Warsaw office real estate practice.
Radomił Charzyński will soon join the new three-person management team of the Warsaw office of Greenberg Traurig, to be led by Jolanta Nowakowska-Zimoch, the new Managing Partner who will also continue her role as the office’s head of Real Estate. Radomił Charzyński and Rafał Baranowski will support Jolanta as Deputy Managing Shareholders.
Capital Park is an experienced and recognized investment company on the real estate market in Poland, listed on the Warsaw Stock Exchange for 6 years. The Group has created a high-quality real estate portfolio consisting of modern A-class office and commercial space – the Royal Wilanów office building, and is currently developing a flagship revitalization project – former Norblin Factory area in Warsaw’s Wola district. The Group manages a property portfolio with a total area of 213 thousand sqm and market value of PLN 1.8 billion, of which 79% are properties located in Warsaw – the most promising commercial real estate market in Central and Eastern Europe.
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 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.
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