WARSAW, January 29, 2021 - Greenberg Traurig advised companies in the Marvipol group on the conclusion of preliminary agreements regarding the development and sale of residential and commercial units in three built-to-rent residential projects to the Swedish company Heimstaden Bostad.
The projects to be developed by Marvipol will include 647 residential units with an option to acquire additional 60 apartments as well as commercial units and parking spaces in Unique Tower, Moko Botanika and Studio Okęcie projects, located in the Wola, Służewiec and Włochy districts of Warsaw.
The total usable area of the projects will exceed 30 thousand sqm, and the transaction value amounts to PLN 380.9 million.
„The transaction on which we advised Marvipol is one of the first and, undoubtedly, the largest transaction of this type on the Polish real estate market. Resi for rent transactions will become an important element of the 2021 investment market due to an increasing number of entities interested in the private rental segment. Within the Greenberg Traurig Warsaw real estate practice, we created a dedicated team of lawyers specialized in this area and we are actively expanding our client portfolio in this sector” –said Partner Agata Jurek-Zbrojska, Head of the GT Warsaw REsi Group.
„Our team’s ambition is to advise clients on complex and innovative transactions, which is well reflected in our work on Marvipol’s latest transaction.” - said Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate team in Poland.
Marvipol Development S.A. is one of Poland’s top real estate developers, operating in two main segments: residential and industrial.
Heimstaden Bostad is a European residential property owner and operator. Currently, the company owns over 100 thousand residential units in Norway, Sweden, Denmark, the Netherlands, Germany, Poland and Chechia.
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.
For additional information, please visit www.gtlaw.com.