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 sq.m. 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 Joanna Czaplicka and Marta Woźniak (Associates).

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.”

Evan Z. Lazar, Co-Chairman of the Global Real Estate Group at Dentons, said: “Last year our Real Estate team advised Starwood on the largest office transaction in the Czech Republic ever - acquisition of The Park, a 12-building business complex in Prague from Aberdeen Asset Management Deutschland AG. We are pleased that Starwood again has chosen us to continue to advise and assist them in new markets.”

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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