Madison International Realty’s Shares Acquisition Of Chmielna 89

Greenberg Traurig, LLP advised Madison International Realty on the deal.

Madison International Realty, a real estate private equity firm, has acquired a stake in the newly developed Chmielna 89 landmark office building in Warsaw’s CBD from the Cavatina Group. The acquisition values the project at over EUR100 million.

Chmielna 89, leased almost entirely by PKO BP, is an office building with a characteristic shape resembling a crystal, located in the business center of Warsaw. The 14-storey office building offers over 25 thousand sq m high-class work space. The office building received BREEAM certification at the Excellent level and several awards, including the European Property Award (2018) and the International Property Award (2019).

The transaction was led by Radomil Charzynski (Picture) and Senior Associate Kamil Majewski, supported by Associates: Karolina Woronko-Kawa, Michal Niecko and Filip Widuch. Partner Aleksander Janiszewski, supported by Senior Associates: Pawel Jaskiewicz and Paulina Kimla-Kaczorowska and Associates: Iga Czerniak and Katarzyna Goljan provided advice on the financing aspects of the transaction. Senior Associate Karolina Olko was responsible for the W&I insurance negotiations. The diligence team included Senior Associate Adam Narloch and Associates: Alicja Flis, Maxymilian Rybczynski, Tomasz Denko, Angelika Makar, and Marta Kownacka.

Involved fees earner: Radomi? Charzy?ski – Greenberg Traurig; Iga Czerniak – Greenberg Traurig; Tomasz Denko – Greenberg Traurig; Alicja Flis – Greenberg Traurig; Katarzyna Goljan – Greenberg Traurig; Aleksander Janiszewski – Greenberg Traurig; Pawe? Ja?kiewicz – Greenberg Traurig; Paulina Kimla-Kaczorowska – Greenberg Traurig; Marta Kownacka – Greenberg Traurig; Kamil Majewski – Greenberg Traurig; Angelika Makar – Greenberg Traurig; Adam Narloch – Greenberg Traurig; Micha? Nie?ko – Greenberg Traurig; Karolina Olko – Greenberg Traurig; Maxymilian Rybczy?ski – Greenberg Traurig; Filip Widuch – Greenberg Traurig; Karolina Woronko-Kawa – Greenberg Traurig;

Law Firms: Greenberg Traurig;

Clients: Madison International Realty;