Warsaw—The Dentons real estate team advised Hines Poland Sustainable Income Fund (HPSIF) on the acquisition of the Nestlé House office building (formerly known as Pacific Office Building), located in Warsaw’s Mokotów district, from Kronos Real Estate.

This was the second transaction between these two companies within the last twelve months. In 2014 Dentons represented HPSIF on the acquisition of the Ambassador office building from Kronos. The team also assisted HPSIF with the acquisition of land designated for the construction of the fund’s new office building, Graffit.

Nestlé House offers more than 16,400 sq.m. of office space and more than 1,400 sq.m. of commercial space across eight stories. The finishing work in the offices is currently under way. The building is located on ul. Domaniewska, near a subway station. Companies from the Nestlé group will be the Nestlé House’s largest tenants. The other major tenants are Warbud group companies and IMCD.

The Dentons team was supervised by Pawel Debowski, Chairman of the European Real Estate group. Counsel Bartłomiej Kordeczka led the project; he was supported by Associate Ewelina Klein.

The Global Real Estate Group at Dentons, with nearly 600 professionals, is one of the largest dedicated global real estate teams among the world’s leading international law firms and is a market leader in Canada, the US, continental and Emerging Europe, the Middle East, Asia and Africa. Dentons Global Real Estate team offers specific, industry sector advice in Real Estate Development and Construction, Real Estate Finance, and Real Estate Investment.

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