Poland Huge deal for Greenstone
Investment & financeschedule 04 June 2024
Format has been awarded LEED Platinum and “Building Without Barriers” certificates
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Private equity fund Greenstone has acquired an almost 80 pct stake in a special purpose vehicle owning the Format office building in Gdansk in what is the first big-ticket office transaction in Poland’s regional cities since 2022.
The vendor was Torus, a commercial property developer, which was advised during the transaction process by Cushman & Wakefield and law firm Greenberg Traurig. The buyer was advised by LegalKraft and Trebbi. In placing the capital of international institutional and non-institutional investors, Greenstone is focused in particular on the Polish office market. After it sold Tensor in 2022, it is now back in Tricity with the acquisition of a majority stake in Format.
There is no denying that t
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