WARSAW – 4 June 2024 – Greenberg Traurig advised Gdańsk-based company Torus on the sale of the Format office building to a Singaporean fund represented by Greenstone.
Situated in Gdańsk, the Format office building is one of the latest A-class facilities built by Torus. The building offers a leasable area of 16,000 sqm GLA. Next to the office building, a multi-functional sports field was built, which can be used by the people working in Format as well as the local residents. Format also obtained the prestigious LEED Platinum certification.
The Greenberg Traurig team was led by Local Partner Rafał Siwek, who was supported by Senior Associates Agnieszka Gul-Czajkowska and Karolina Tulwin.
Partner Agnieszka Stankiewicz provided strategic advice on the transaction.
“Congratulations to Torus on the completion of this important transaction for the regional office market. We are pleased to have been able to again support our valuable client in the sale process, which proves there is still investor demand for top-class office buildings in a great location and with an appropriately selected group of tenants” said Rafał Siwek, Local Partner in the Greenberg Traurig real estate practice.
Torus is a leader among Polish office developers. With a portfolio encompassing hotel, warehouse, and residential investments, Torus has successfully delivered over 180,000 sqm of leasable space to the Tri-City market. Including the sale of Format, the company also completed 8 sales transactions of its office properties to 7 different funds.