Linklaters advises Echo Investment on the sale of Warsaw’s Q22 office building
Invesco Real Estate fund has become the new owner of the Q22 tower, located in Warsaw at the intersection of Aleja Jana Pawła II and ulica Grzybowska, upon purchasing the property from Poland’s largest developer, Echo Investment S.A. Linklaters provided comprehensive legal advice and support to the seller in all major legal aspects of the deal. The deal was valued at over PLN 1 billion net.
The acquisition of the state-of-the-art 155-metre office tower situated at the intersection of Aleja Jana Pawła II and ulica Grzybowska is another major investment in Warsaw made by the US-based Invesco Real Estate fund. Linklaters has advised Echo Investment from the beginning of the sale process. The legal advice covered all stages of the deal and involved a team of real estate law professionals, including Rafał Zboch, counsel, Judyta Sawicka, senior associate, Kacper Piórecki, associate, Mateusz Cieślak, junior associate and Piotr Zawadzki, senior associate with the TMT/IP team.
Artur Kulawski, managing partner at Linklaters Warsaw, commented: “The Linklaters Warsaw real estate team has been a powerhouse on the market for a number of years. The international team, integrated with the law firm’s global network, and its members’ wealth of experience in advising on cross-border deals offer a solid foundation for handling multi-stage deals, such as the sale of the Q22 tower. This has been a very important year for us, which also saw us relocating to a new office space. In the past few months, Linklaters has supported clients in more than a dozen significant deals on the market. The sale of Q22 was the culmination of our efforts in this busy quarter.”
Linklaters is an international adviser providing comprehensive legal support for some of the largest real estate deals both in Poland and worldwide. The sale of Q22 is another deal in which Linklaters Warsaw was involved as legal adviser to Echo Investment. Linklaters provides legal assistance to both global and local funds, developers, consulting and investment firms, including Griffin Real Estate, EPP, W.P. Carey, PIMCO, Oaktree Real Estate, CBRE Global Investors, Kulczyk Silverstein Properties, SKANSKA and Panattoni.