Despite the Covid-19 pandemic, the investors remain active on the Polish office real estate market.
Gide Warsaw has advised Yareal Polska on the sale of the prestigious Nowogrodzka Square office building to a French fund managed by Amundi Real Estate, for which it was a very first transaction on the Polish real estate market. The transaction included an exclusive class A office building covering an area of 11,500 square metres, as well as an underground garage with 148 parking spaces. Noworodzka Square, opened in the fall of 2018, was recently named Best Commercial Building and won the Grand Prix in the 2019 Architectural Prize of the Mayor of Warsaw Competition.
Gide’s team was headed by counsel Błażej Czwarnok, working with associates Rafał Osetek, Agnieszka Biernacka and Aleksandra Kobylińska, all members of the Real Estate Transactions & Financing practice group.