Department head or senior representative in Poland, real estate
Paweł Toński (Managing Partner, Head of the Real Estate Team)
Department head or senior representative profile
Paweł Toński leads a real estate tax team of over 50 people (5 partners). With over 20 years of experience is recognized by industry as leading tax expert. Paweł was crucial in designing and implementing structure models answering new tax environment in Poland and advised in major RE deals of the period. He is co-founder of Polish Commercial Real Estate Chamber. PINK’s expert in discussions with Ministry of Finance on tax changes impacting the industry, e.g. tax depreciation and WHT.
Major current clients
AFI, Atrium, Atlas Estates, Benson Elliot, BPI, CBRE Investment Management, CPI, Cromwell, ECE, EDF EN, EQT Partners, Futureal, Galleon Capital, Globalworth, Golden Star Estates, Echo Investment, Elite Partners, EPP, FFA Real Estate, Hines, HB Reavis, Heitman, IIC, IKEA, Immofinanz Group, Investika, Klepierre, Macquarie, Mapletree, Nexity, Octava, Prime Holdings Group, Skanska, Trigranit, Unibail Rodamco Westfield, White Star, Zeitgeist, 7R.
Major projects on the real estate market between October 2020 and June 2022
- tax and financial assistance in historically one of the largest land transactions in Poland (EUR 180m+) and complex structuring of entry of new investor (AFI Europe) into existing JV structure
- around 20 PRS acquisitions,
- assistance in transactions: over 10 office buildings, over 20 logistic parks, over 10 shopping projects, 3 hotels
- acquisition of over 150 plots for logistics projects
- restructuring of 6 portfolios of total value over EUR 5 billion
- responsible for income tax filing for numerous projects worth over EUR 1bn
- numerous successfully closed tax litigation in real estate, no case lost! (WHT, interest level, minimal income tax refunds, property tax refunds, post-restructurings litigation)
- transfer pricing for 30+ RE clients with transactions of several billions of EUR
Total value of transactions on the real estate market the company participated between October 2020 and June 2022 (in EUR)
EUR 600-800m (real estate transactions); EUR 5bln under restructuring
Please say why your team should be considered for the award
We are efficient. versatile and deeply-rooted in the industry. Our top-rank team assists in deals from tax and financial perspective, tax litigations, transfer pricing planning and compliance, tax settlements and on-going tax advisory. Large team with deep industry knowledge and experience allows us to work any assignment regardless of scale or complicity, as well as to understand current needs of clients and their actual business environment. We focus on practical solutions, clear recommendations which give comfort to clients and allow to proceed with transactions despite rapidly changing tax environment and to prepare for these changes.
The team has excellent project management skills - on large reorganizations we cooperate with numerous parties involved in the processes such as banks, tax and legal advisors from various jurisdictions, technical advisors, etc.
