Greenberg Traurig has advised Capital Park on the sale of a property to Marvipol Development in Warsaw.
The asset is planned to be developed with a residential and commercial project.
Capital Park is an investment company on the real estate market in Poland, listed on the Warsaw Stock Exchange. The Group manages a property portfolio with a total area of 213,000 square meters and a market value of PLN 1.8 billion.
According to Greenberg Traurig, “the property, which is located at Aleje Jerozolimskie in the Ochota district of Warsaw, has a total area of nearly 6,000 square meters. The value of the transaction amounts to EUR 20 million. The project to be developed by Marvipol Development includes approximately 500 residential and commercial units.”
Greenberg Traurig’s team included Partner Radomil Charzynski, Senior Associate Kamil Majewski, and Associate Alicja Fils.