WARSAW – 7 April 2022 – Greenberg Traurig represented Capital Park S.A. in the acquisition of a unique real property with a rich history, consisting of two plots of land in Gdańsk with a total area of 1.3 hectares, situated at the confluence of the Motława River and the Martwa Wisła, on the so-called Polish Hook (Polski Hak) and in the joint venture transaction regarding the acquisition.
Capital Park is planning a residential development with retail and services functions on the acquired property as well as a representative recreational space, available to all Gdańsk residents and tourists visiting the city.
The Greenberg Traurig team was responsible for the due diligence process as well as negotiation of the preliminary and final share sale agreements related to the property. Advice on the transaction also included negotiation of the joint venture agreement and development management agreement regulating the planned project.
“Congratulations to Capital Park on the completion of this complex transaction, which is unique due to the enormous potential of the location of the property as well as its history. We are looking forward to representing this client on future projects,” said Radomił Charzyński, Deputy Managing Partner of the Greenberg Traurig Warsaw office.
The Greenberg Traurig team was led by Senior Associate Aleksandra Kaczmarek, supervised by Deputy Managing Partner Radomił Charzyński and supported by Associates Jakub Gajzler and Jędrzej Antoszewski. The due diligence team also included Senior Associate Agnieszka Stopińska and Associates Katarzyna Goljan and Jakub Wilk.
Capital Park Group is an experienced real estate development and investment company in Poland, listed on the Warsaw Stock Exchange since December 2013. The Group has developed a high-quality real estate portfolio consisting of modern office, retail and mixed-use space, including assets such as Royal Wilanów and the revitalised Norblin Factory. The Group manages a portfolio of properties with a total area of 177,000 sqm and a market value of PLN 2.6 billion, 92% of which are properties located in Warsaw, the most promising commercial real estate market in Central and Eastern Europe.Greenberg Traurig LLP
Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2400 attorneys serving clients from 42 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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