GREENBERG TRAURIG, LLP: Advised CA Immo on the acquisition of Warsaw Spire Building C

By Press release submission | Oct 12, 2018

Greenberg Traurig, LLP issued the following announcement on Oct. 12.

Lawyers from the Greenberg Traurig Warsaw office advised CA Immo in connection with the acquisition of Warsaw Spire Building C for ca. EUR 100 million.

The transaction was carried out as a share deal.

The Greenberg Traurig transaction team was led by Partner Radomił Charzyński, supported by Associates: Kamil Majewski, Michał Niećko, Samanta Wenda-Uszyńska, Karolina Woronko, Oliwia Hutnik, and Filip Widuch. Senior Associate Paweł Jaśkiewicz was responsible for all financing aspects of the transaction.

“This is another transaction, following our recent acquisition of Warsaw Spire Building B, in which Greenberg Traurig represented us. We highly appreciate this cooperation and the proactive and business–oriented approach of Greenberg Traurig, as well as its role in helping us to strengthen our presence in Warsaw, one of the most dynamic markets in CEE region,” said Ingo Steinwender, Group Head of Legal of CA Immo.

“We may proudly say that this prestigious transaction is proof of trust and satisfaction with our cooperation on both sides,” added Radomił Charzyński, Partner at the Warsaw office of Greenberg Traurig.

“Gaining the trust of such an important player as CA Immo, confirms the position of Greenberg Traurig as a leader on the real estate market in Poland," said Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate Group at the Warsaw office of Greenberg Traurig.

This transaction follows the acquisition of Warsaw Spire Building B in 2017, also by CA Immo, and the acquisition of 50% of Warsaw Spire Building A in May this year by Madison International Realty. a major investor in real estate across the U.S. and in Europe. Greenberg Traurig acted as a legal advisor in all of these transactions.

Warsaw Spire Building C is part of the Warsaw Spire complex. The complex consists of three buildings: the 220-meter tall main tower with a hyperboloid glass façade – Warsaw Spire A, and two 55-meter tall flanking buildings of identical size and shape – Warsaw Spire B (together with the futuristic Genesis restaurant building) and Warsaw Spire C (both now owned by CA Immo). The complex won the Best Office & Business Development category MIPIM 2017 Award in Cannes, France.

CA Immo is a real estate company with its headquarters in Vienna and branch offices in seven countries in Central Europe. Its core business involves leasing, managing, and developing high-quality office buildings. Founded in 1987, CA Immo controls property assets of ca. EUR 4 billion in Germany, Austria, and Eastern Europe.

Original source can be found here.

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