Schoenherr advised Erste Group Bank AG on providing financing for Summus Capital OÜ's acquisition of the Lakeside office building in Warsaw. The transaction, valued at approximately EUR69m, highlights Summus Capital's ongoing expansion in Poland and its focus on high-quality, sustainable commercial real estate investments in Central and Eastern Europe.
The firm's services included legal advice on all aspects of financing, including structuring the transaction as well as drafting and negotiating the financing documentation.
"We are thrilled to have supported Erste Group Bank AG in this significant transaction, contributing to the financing of such a landmark property in Warsaw," said partner Ilona Fedurek. "This project reflects the growing emphasis on green and sustainable investments in the commercial real estate sector."
"Summus Capital's acquisition of the Lakeside office building is a testament to their strategic vision and commitment to exceptional investment opportunities in Poland and the wider CEE region," added partner Katarzyna Sulimierska.
Lakeside is a newly completed A-class office building offering premium working space of 23,834 m2, which includes the leasable office and retail area without terraces and storage facilities. The property holds BREEAM Outstanding and WELL Gold certifications, reflecting its sustainability credentials, and is strategically located near Chopin Airport and key business hubs. With an impressive tenant roster, including Lux Med, Polenergia, Hewlett Packard and Bonduelle, Lakeside offers strong long-term cash flow and stability.
Summus Capital OÜ is an Estonia-based real estate investment company with a diversified portfolio across retail, office, logistics and medical properties. Founded in 2013, its portfolio includes 15 properties in the Baltic countries.
The Schoenherr team advising Erste Group Bank AG on this transaction was led by Ilona Fedurek (partner) and included Piotr Bartoś (senior attorney at law), Gabriela Chrzanowska (associate), Katarzyna Sulimierska (partner) and Karolina Samocik (attorney at law). Marco Thorbauer (partner) and Sarah Dräxler (attorney at law) covered Austrian aspects of the transaction.