Linklaters advised Echo Investment on €74.5m forward sale of Sagittarius Business House

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Linklaters advised Echo Investment on the forward sale of Sagittarius Business House to Warburg-HIH Invest Real Estate GmbH. The transaction was structured as the sale of enterprise and was valued at €74.5m. This modern class A office building with an area of 25.6 thousand sq.m. is located in Wrocław and its leased in majority to EY and the Bank of New York Mellon.

The preliminary sale agreement of Sagittarius Business House was signed during the construction process. Linklaters' advice included vendor’s due diligence as well as comprehensive and legal support for the seller in all aspects of the transaction, both during development as well as negotiation and preparation of the transaction documentation. 

The Real Estate team was led by Monika Lerka, senior associate and Adriana Andrzejewska, managing associate. The wider team included associates Ewa Sinkiewicz and Mateusz Cieślak as well as Tomasz Trystuła, senior associate and Antonina Kozak, junior associate from real estate practice. Piotr Zbyszyński, associate, advised on the relevant corporate matters. Agnieszka Mencel, Head of TMT/IP practice, supported by Szymon Sieniewicz, associates provided IP advice. The transaction was supervised by Janusz Dzianachowski, real estate partner at Linklaters.