Greenberg Traurig advised Partners Group, the global private markets investment manager, on the signing of purchase agreements regarding the acquisition of selected real estate assets of the Kraków-based BUMA Group.
The transaction comprised the acquisition by Partners Group, on behalf of its clients, of 11 A-class office properties from BUMA’s portfolio, including two sites under development, with a total leasable area (GLA) of approx. 125,000 sqm, located in Kraków and Wrocław.
Partners Group will work with its operating partner REINO Partners, part of the REINO Capital holding company listed on the Warsaw Stock Exchange, on managing the portfolio.
The Greenberg Traurig team was led by Local Partner Karol Brzoskowski together with Associate Filip Janeczko, lawyers from the real estate department.
The core transaction team included also Senior Associate Magdalena Bachleda-Księdzularz and Associate Maja Gawrysiuk, lawyers from banking and finance department.
The multidisciplinary team of experts also included lawyers from the following practice areas: real estate – Local Partner Magdalena Życzkowska-Jóźwiak, Associates: Alicja Flis and Alicja Walerjan; antitrust – Associates: Filip Drgas and Marta Kownacka; and employment – Local Partner Anna Hałas-Krawczyk and Associate Angelika Makar.
“The effective management of such a complex transaction requires close and efficient cooperation between experts from the real estate as well as M&A, antitrust, banking and employment teams. Greenberg Traurig’s top-tier ranking in these practice areas is truly verified by our involvement in such prestigious projects. The implementation of these transactions, based on knowledge and expertise, would not be possible without our client’s trust,” said Local Partner Karol Brzoskowski.
“Due to the size of the real estate transactions carried out nowadays in Poland and the magnitude of the parties involved, a more sophisticated, interdisciplinary approach has needed to be developed. Above all, this is one of the key investments on the Polish market and yet another recent real estate transaction which Greenberg Traurig advised on, where the target is a large real estate platform”, added Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate Group at the Warsaw Office of Greenberg Traurig.
Partners Group is a leading global private market investment manager. Since 1996, the firm has invested over USD 135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 96 billion in assets under management as of 30 June 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
BUMA Group has been operating on the Kraków market since 1991 and is the oldest developer on this market. Over 25 years, the company has constructed approximately 2,000 apartments, 300 single-family houses and office buildings with a leasable area of 260,000 sqm.
REINO Capital is a listed holding company that owns a group of entities engaged in investments and fund management on the commercial property market. The REINO Capital Group includes REINO Partners sp. z o.o., REINO Dywidenda Plus S.A., REINO Capital Management S.à r.l. and RD WRC sp. z o.o.
