Dentons’ Real Estate team advised Starwood Capital Group on its entry into the Polish office market with the acquisition of a portfolio of three prime office complexes from real estate developer Ghelamco.
The portfolio includes two properties located in the business districts of Warsaw, T-Mobile Office Park and Łopuszanska Business Park, and one in southern Poland, Katowice Business Point, situated in the city center. The portfolio comprises 78,000 sqm of gross leasable area as well as over 2,000 parking spaces. The Warsaw buildings were constructed last year, and the one in Katowice, in 2010. All are virtually 100 percent occupied.
The Dentons team was led by Maciej Ryniewicz, a Real Estate partner based in Dentons’ Warsaw office, and included Krzysztof Marzyński, Joanna Czaplicka and Marta Woźniak (Associates), as well as Counsel from the Corporate group, Gabriel Olearnik.
Maciej Ryniewicz commented: “Until now, Starwood Capital Group’s Polish portfolio comprised a network of hotels across the country. We are happy to have assisted Starwood in its successful expansion into the office sector in Poland.”