Eastnine's Landmark Warsaw Acquisition: A EUR 280 Million Deal with Ghelamco

Deal News | Nov 28, 2024 | CEE Legal Matters

Eastnine's Landmark Warsaw Acquisition: A EUR 280 Million Deal with Ghelamco

In a significant transaction in the real estate market, Eastnine, the Swedish company listed on Nasdaq Stockholm Mid Cap, has acquired the Warsaw Unit office building from Ghelamco for EUR 280 million. The Warsaw Unit, located in the vibrant Wola district of Warsaw, is notable for its sizable office space of over 59,800 square meters spread over 46 floors. This building marks a pioneering achievement in Poland by being the first to secure the WELL v2 Platinum certification alongside a BREEAM Outstanding rating, underscoring its commitment to sustainability and occupier well-being. The deal was advised by prominent legal entities with Greenberg Traurig representing Eastnine, and Dentons and Rymarz Zdort Maruta advising Ghelamco. This acquisition highlights Eastnine's strategic focus on expanding its portfolio in the office property sector within key Baltic markets.

Sectors

  • Real Estate
  • Legal Services

Geography

  • Poland – The location of the acquired property, the Warsaw Unit, is in Poland.
  • Sweden – Eastnine, the acquiring company, is a Swedish real estate firm.

Industry

  • Real Estate – The transaction involves the purchase of a major commercial office building, highlighting activities within the real estate industry.
  • Legal Services – Multiple law firms advised on the transaction, indicating the legal services industry's role in M&A transactions.

Financials

  • EUR 280 million – The purchase price for Eastnine's acquisition of the Warsaw Unit from Ghelamco.

Participants

NameRoleTypeDescription
EastnineBidding Company/BuyerCompanyA Swedish real estate company focused on office and logistics properties in the Baltics.
GhelamcoSelling Company/VendorCompanyThe company selling the Warsaw Unit office building to Eastnine.
Greenberg TraurigLegal Advisor - BuyerCompanyProvided legal advisory services to Eastnine for the acquisition.
DentonsLegal Advisor - SellerCompanyAdvised Ghelamco in the sale process.
Rymarz Zdort MarutaLegal Advisor - SellerCompanyAlong with Dentons, advised Ghelamco in the sale process.