Dentons’ real estate team advised Hines Poland Sustainable Income Fund (HPSIF) on its first transaction: acquisition of the Ambassador office building in Warsaw from Kronos Real Estate.

This class A 11-floor building located in the rapidly developing business district of Mokotów, was constructed in March 2013 and was the first completed investment of Kronos in Poland.  The building offers 14,900 sq.m. of office space and 1,000 sq.m. of retail space. It is currently undergoing BREEAM assessment.

Hines Poland will act as asset and property manager of the building and connected properties on behalf of HPSIF.

The Dentons team was led by Pawel Debowski. Bartlomiej Kordeczka, senior associate, ran the project from the transactional side with assistance of Martyna Racz-Suchocka, an associate.