Greenberg Traurig Advises GTC on €84M Galeria Północna Refinancing

Greenberg Traurig advised GTC on securing a €84 million refinancing for Galeria Północna, a landmark retail destination in Warsaw, Poland. The five-year facility provided by J&T BANKA will strengthen GTC’s liquidity and support the acquisition of the non-
controlling interests in its German residential portfolio.

Opened in 2017 and spanning 64,000 sqm, Galeria Północna offers shopping, services and leisure attractions located within the mall, including Poland’s first rooftop garden and a brine graduation tower.

The Greenberg Traurig financing team was led by Partner Piotr Nerwiński, who Senior Associate Iga Czerniak and Junior Associate Weronika Kopeć.

GTC Group is a leading investor and real estate developer with 30 years of experience operating in the largest markets
of Central and Eastern Europe. GTC is currently developing over 65,000 sqm of commercial space across five projects and has a land bank for future developments. GTC S.A. shares are listed on the Warsaw Stock Exchange and the Johannesburg Stock Exchange.