Blackstone Sheds Piastow Office Center in Transaction with BUD Holdings and Investika
Deal News | Feb 21, 2025 | CEE Legal Matters
Greenberg Traurig and LegalKraft advised on a significant real estate transaction involving Blackstone's sale of the Piastow Office Center in Szczecin, Poland. Blackstone sold the complex to a joint venture formed by BUD Holdings and Investika Real Estate Fund. The Piastow Office Center includes three office buildings with a gross leasable area of 21,000 square meters, located centrally in Szczecin. Greenberg Traurig represented Blackstone, with a team led by Managing Partner Jolanta Nowakowska-Zimoch. LegalKraft, represented by Partner Dawid Demianiuk, advised the buying consortium.
Sectors
- Real Estate
- Legal Services
Geography
- Poland – The transaction took place in Szczecin, Poland, involving the sale of a local office center.
Industry
- Real Estate – The article centers around the sale of a significant office complex, a transaction rooted in the real estate sector.
- Legal Services – Law firms like Greenberg Traurig and LegalKraft played central roles in advising on the legal aspects of this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackstone | Seller | Company | A leading global investment firm, Blackstone sold the Piastow Office Center. |
| BUD Holdings | Buyer | Company | Part of the joint venture that acquired the Piastow Office Center. |
| Investika Real Estate Fund | Buyer | Company | Part of the joint venture with BUD Holdings acquiring the Piastow Office Center. |
| Greenberg Traurig | Legal Advisor to Seller | Company | Advised Blackstone in the sale transaction. |
| LegalKraft | Legal Advisor to Buyer | Company | Provided legal counsel to the buying joint venture consisting of BUD Holdings and Investika. |