Linklaters has advised Echo Investment S.A. on its sale of the Q22 tower in Warsaw to the US-based Invesco Real Estate fund. Greenberg Traurig advised Invesco on the deal (which was valued at over PLN 1 billion net) and on its financing.
The state-of-the-art 155-meter Q22 office tower in Warsaw, which opened in June 2016, is situated at the intersection of Aleja Jana Pawla II and ulica Grzybowska in the city's business district. It has an area of approximately 53,000 square meters and has a distinctive glass facade, inspired by the structure of quartz, and designed by Autorska Pracownia Architektury Kurylowicz & Associates. Current tenants include Deloitte, Allegro, and Citibank, among others.
According to Greenberg Traurig, "the acquisition of Q22 was the largest investment transaction for an office building in the real estate market in Poland in 2016 and one of the largest transactions in the CEE region."
The Linklaters team consisted of Counsel Rafal Zboch, Senior Associates Judyta Sawicka and Piotr Zawadzki, Associate Kacper Piorecki, and Junior Associate Mateusz Cieslak.
The Greenberg Traurig team was supervised by Partner Agnieszka Stankiewicz and was led by Senior Associate Karolina Kuzniak, supported by Associate Michal Niecko.
Image Source: echo.com.pl