Dentons advises Griffin Premium Real Estate on the acquisition of three office properties in Poland
Dentons has advised Griffin Premium Real Estate (GPRE), a company listed on the Warsaw Stock Exchange, on the acquisition from Echo Polska Properties of 100 percent shares in entities owning three high quality office properties. The aggregate value of the deal was around €160 million.
The properties include A4 Business Park – a complex of three office buildings in Katowice, Tryton Business House – an office building in Gdańsk, and West Gate – an office building in Wrocław’s Fabryczna district.
Paweł Dębowski, Chairman of the Europe Real Estate group, led the Dentons legal team advising on the acquisition, with the support of partner Maciej Ryniewicz and senior associate Magdalena Osóbka-Morawska.
Griffin Premium Real Estate is a REIT-type company, with a focus on Poland’s growing office property market. The company has been listed on the Warsaw Stock Exchange since April 2017. GPRE’s portfolio was valued at over €0.5 billion at the end of 2016.