Linklaters advises UBM Development AG on the €54m sale of the Pegaz office building in Poland

Linklaters has advised UBM Development AG, a leading Austrian developer listed on the Vienna Stock Exchange, in relation to the €54m sale of the “Pegaz” A-class office building in Wroclaw, Poland by its Polish wholly-owned subsidiary to Warburg-HIH Invest Real Estate GmbH who acted on behalf of the real estate investment fund VEMEDSH Immobilien Invest.

The Linklaters Warsaw office provided comprehensive legal advice and support for all major legal aspects of the transaction which included real estate and corporate issues, and ranged from the preparation and negotiation of transaction documents through to assistance in signing and closing.

The Linklaters team was led by Michał Mieciński (of counsel, real estate) and included, among others, Monika Lerka (senior associate, real estate), Żaneta Rogoń (associate, projects), Judyta Sawicka (managing associate, real estate), Bartosz Guziński (associate, real estate), Mateusz Cieślak (associate, real estate) and Piotr Borzyński (associate, real estate).

UBM Development AG is a leading European developer focusing on hotel, office and residential real estate projects covering the entire value chain, from repurposing and planning permits, to design, marketing and construction management and sale of real estate properties across Europe.