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.
Greenberg Traurig LLP
Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2750 attorneys serving clients from 47 offices in the United States, Latin America, Europe, Asia, and the Middle East.
GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). 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, TMT and Competition/Antitrust.
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 700 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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