WARSAW, 11 October 2021 – Greenberg Traurig advised Invesco Real Estate, the global real estate investment manager, on a transaction concerning the sale of A2 Warsaw Park, the largest single warehouse project in the Warsaw area, to Savills IM, acting on behalf Savills IM European Logistics Fund 3.
The total value of the transaction was EUR 112.5 million.
A2 Warsaw Park, developed by Invesco Real Estate and a prominent logistics partner, is located in Adamów, near the Grodzisk Mazowiecki junction of the A2 highway, 35 km from downtown Warsaw.
Completed in 2020, the facility is one of the largest multi-let warehouse buildings in the country, offering over 106,000 sq.m. of flexible and modern warehouse and office space under one roof. The property is fully leased to companies such as, Allegro, DSV, Raben and ID Logistics. The building has been awarded a BREEAM certificate at the Good level.
The Greenberg Traurig team was led by Senior Associate Rafał Siwek, supported by Associate Wiktor Wacławski.
Partner Agnieszka Stankiewicz provided strategic supervision over the transaction.
“We are very pleased to have advised Invesco Real Estate on another transaction. This transaction proves without a doubt that investors are continuously showing increased interest in the logistics property market, in particular assets of this class, and situated in such prime locations” said Agnieszka Stankiewicz, Partner in the Warsaw real estate practice.
Invesco Real Estate is a global leader in the real estate investment management business with USD 85.8 billion in real estate assets under management, 592 employees and 21 regional offices across the U.S., Europe and Asia. It manages 170 assets across 14 European countries and with assets under management of USD 15.4 billion. Source: Invesco Real Estate as at 30 June 2021.
Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2300 attorneys serving clients from 40 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 award 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 and TMT.
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 400 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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