Linklaters has advised Echo Investment SA (acting through its SPV) in connection with the sale of the Sagittarius Business House office building in Wroclaw to Warburg-HIH Invest Real Estate GmbH. Dentons advised the buyers in the transaction, which remains subject to fulfillment of customary conditions precedent and is expected to occur in 2018.
According to Dentons, the six-story Sagittarius Business House, which is located in Wroclaw’s central business district, "is currently under construction with completion planned for the first quarter of 2018. It will offer a gross lettable area of around 25,000 square meters along with 1,700 square meters of retail and restaurant space on the ground floor. Echo Investment will be responsible for the completion of the construction works and guarantees full occupancy by the time ownership of the property is transferred. EY and Bank of New York Mellon have already taken up 90% of the total space."
The Linklaters team was managed by Partner Janusz Dzianachowski, working alongside Managing Associate Judyta Sawicka. They were supported by Senior Associate Monika Lerka and Junior Associate Mateusz Cieslak.
The Dentons team was led by Pawel Dębowski, Chairman of the Europe Real Estate Group at the firm, supported by Counsel Agnieszka Nagorska and Associate Paulina Dabek.
Image Source: echo.com.pl