Greenberg Traurig Advised NREP on Land Acquisition and Development of a PRS Project in Warsaw

WARSAW - 30 September 2024 - Greenberg Traurig advised Nrep, investing through the NSF V fund, on a transaction involving the acquisition of a plot of land in the Bielany district of Warsaw and the negotiation of a development agreement with White Stone Development for the construction of a modern building with more than 480 rental units and approximately 400 sqm of commercial space.

The Greenberg Traurig team was co-led by Associate Paulina Walczewska and Counsel Adam Narloch, who were supported by Igor Jędrys. The due diligence team included Senior Associate Filip Widuch and Associates: Bruno Jasic and Maciej Smaczyński.

Deputy Managing Partner Radomił Charzyńskiprovided strategic advice and supervised all work on the transaction.

"We are delighted to have assisted Nrep on the transaction related to this attractively located project. The planned development of over 480 residential units in Warsaw's Bielany district underlines the dynamic growth of the PRS sector. Our team remains committed to providing strategic advice on innovative projects such as this," said Radomił Charzyński, Deputy Managing Partner at the Warsaw office of Greenberg Traurig.

Nrep is part of Urban Partners, a platform of vision-aligned, differentiated, investment strategies shaped around urban problem solving. With EUR 21 billion under management, the platform invests in assets, companies, technologies, and solutions.

Greenberg Traurig LLP

Greenberg Traurig, LLP is a global, multi-practice law firm with more than 2750 attorneys serving clients from 48 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year at the highly esteemed Euromoney Legal Media Group "Women in Business Law Awards 2021 Europe" and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Competition/Antitrust.

About Greenberg Traurig's Real Estate Practice

Greenberg Traurig's Global Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm's real estate attorneys deliver diversified and comprehensive legal solutions for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of 700 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, and Latin America. The group's clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs,and private owners. The firm's real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.

Greenberg Traurig's real estate team in Warsaw consists of 40 top-rated specialists who cover a broad spectrum of core real estate and additional practices. The team offers clients an unparalleled level of legal experience and service in Poland and within Central Europe.

For more information, please visit www.gtlaw.com.

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