Greenberg Traurig has advised Madison International Realty and Ghelamco on the sale of the Warsaw Spire A office building to Immofinanz. Magnusson advised Immofinanz on the transaction, which involved the sale by affiliates of Madison International Realty and Ghelamco of their respective 50% stakes in the building to Immofinanz through a share deal. The transaction remains subject to anti-trust approval.
The Warsaw Spire A, with 49 floors in a 220-meter tower, is currently the tallest office building in Warsaw. The Warsaw Spire retail-office complex also includes two auxiliary buildings, Warsaw Spire B and Warsaw Spire C.
Greenberg Traurig previously advised Madison International Realty on its acquisition of 50% of the shares of the Warsaw Spire A and on its entrance into a joint venture with Ghelamco (as reported by CEELM on May 9, 2018). The financing of the building was done by a syndicate of German banks, Helaba, Deutsche Pfandbriefbank, and Berlin Hyp, that were advised by Dentons (as reported on September 15, 2017).
The Greenberg Traurig team was led by Partner Radomil Charzynski and included Senior Associate Kamil Majewski and Associates Michal Niecko and Karolina Woronko-Kawa.
The Magnusson team included Partners Agnieszka Pytlas and Dawid Demianiuk and Associates Kamil Osowski, Iga Piotrowska, Katarzyna Marczuk, Jeremiasz Kusmierz, and Paulina Kotecka.