Linklaters advises Union Investment Real Estate GmbH on €103m purchase of office building in Warsaw
26 April 2010
Linklaters’ Warsaw real estate team has advised Union Investment Real Estate GmbH on the €103m purchase of Horizon Plaza, a premium office building in Warsaw. It is Poland's largest real estate sale so far this year.
Linklaters also acted for Union Investment Real Estate GmbH in relation to the establishment of security documents and the issuance of legal opinions relating to financing the purchase deal, which involved harmonising various cross-border requirements relating to collateral provided in different jurisdictions.
Horizon Plaza is one of Poland’s most state-of-the-art office buildings, designed and constructed to offer its users technologically advanced, sustainable and highly energy efficient standards. The property comprises 35,000 sqm office space, let to various tenants including Nokia Siemens Network Sp. z o.o., Getin Noble Bank, Pekao Bank Hipoteczny SA, and WestLB Bank Polska.
Linklaters’ team was led by Artur Kulawski, head of the firm’s Warsaw real estate practice. He said:
"Union Investment Real Estate’s acquisition of Horizon Plaza is a positive sign that foreign investors remain keen on acquiring high-quality assets in the most liquid Central European real estate markets."
For further information, please contact: Malgorzata Dezor on +48 22 526 5051 / malgorzata.dezor@linklaters.com
