Dentons’ Real Estate team acted as legal counsel to Starwood Capital Group, a leading global private investment firm, on its first investment in Krakow, Poland’s second largest city - the acquisition of Quattro Business Park from Grupa Buma, a local Polish developer.

Built between 2010 and 2014, Quattro Business Park is a modern office complex comprising four 14-story buildings totaling circa 500,000 sq.m. of gross leasable area. It’s virtually 100 per cent occupied with tenants including a number of big-league companies, including Google, FedEx and Samsung.

The Dentons team was led by Maciej Ryniewicz, a Real Estate partner based in Dentons’ Warsaw office, who was supported by associates Krzysztof Marzynski and Marta Wozniak.

Maciej Ryniewicz commented: “Following our assistance to Starwood Capital Group earlier this year in entering the Polish market with the acquisition of Ghelamco’s office portfolio in Warsaw and Katowice, we are pleased to have now supported Starwood again in expanding its presence to Krakow.”

“After long going unnoticed, Polish regional markets are now coming onto the radar of international property investors,” said Pawel Debowski, Chairman of the European Real Estate Group at Dentons. “This year Krakow may have the highest volume of transactions amongst all major regional cities in Poland. The demand for office space there is increasing and we were happy to see Starwood tapping into this trend,” he added.