WARSAW, March 1, 2021 - Greenberg Traurig advised Panattoni Development Europe on a transaction involving the financing of a logistics project and the planned acquisition of an undeveloped plot located in Zgorzelec. Advice on the transaction included negotiation and signing of agreements regulating the planned development and management of the warehouse building as well as agreements regarding the financing of the planned logistics project.
The land to be acquired has a total area of over 132,000 sqm and the project will have a total warehouse space of over 63,000 sqm. The project’s value amounts to approximately EUR 55 million.
The transaction was led by Senior Associate Aleksandra Kaczmarek, supported by Associate Jakub Gajzler.
Partner Jolanta Nowakowska-Zimoch provided strategic advice on the transaction.
“The latest transaction finalized by Panattoni, as well as other Panattoni projects we are already working on, lead us to expect that both in Poland and across all European markets the industrial and logistics sector will remain one of the most active transactional areas in 2021,” said Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate team in Poland.
Panattoni is the European branch of one of the world’s largest industrial developers, the Panattoni Development Company, and recently celebrated its 15-year presence on the European market.
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.
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