Dentons advised Ghelamco Poland on the sale of building B, part of the landmark Warsaw Spire office complex in Poland, to CA Immo, an Austrian office-focused property company. The transaction value is in excess of €100 million.

Warsaw Spire, developed by Ghelamco, is the largest office investment in Poland and has become the city’s new business center. It’s unique in that the complex comprises three office buildings with a common underground parking space. A new city square, Plac Europejski, was also created as part of the Warsaw Spire project. It’s a publicly accessible space with green surroundings, a cascade stream and fountains, restaurants and cafes, as well as Art Walk, a special art exhibition venue. Earlier this year, it was recognized as the “Best Office & Business Development” at the MIPIM Awards in Cannes, in the face of stiff competition from multiple projects worldwide.

The 21,600 sq.m. building B is occupied exclusively by European Union agency Frontex.

Dentons’ legal team was led by Paweł Dębowski, Chairman of the Europe Real Estate group, along with partner Bartłomiej Kordeczka and included senior associate Ewelina Klein.

Paweł Dębowski said: “We were delighted that Ghelamco chose Dentons as legal counsel on this high-profile transaction. Warsaw Spire is a unique combination of a top-quality office complex and a modern social and leisure space designed for the benefit of city inhabitants. It sets a completely new standard in approaching city center redevelopment projects.”

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com