Fri, Oct
57 New Articles

Act Legal Poland and Dentons Advise on Sky Tower Acquisition

Act Legal Poland and Dentons Advise on Sky Tower Acquisition

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Act Legal Poland (BSWW legal & tax) has advised investment fund manager Adventum on its EUR 84.42 million acquisition of a 79.55% stake in the Sky Tower office building in Wroclaw from Polish property developer Develia. Dentons advised the seller on the transaction.

The deal was announced a week after Act Legal and Dentons advised on Adventum's previous acquisition (as reported by CEE Legal Matters on September 20, 2021 ) and is expected to close by the end of 2021.

Sky Tower is a commercial property consisting of office, retail, and luxury residential space with a total area of 171,000 square meters, providing leisure facilities, a recreational area, and a multi-level underground car park.

According to Act Legal, the Adventum Group is a group of boutique investment fund management companies primarily focused on the Central European real estate market, with investments reaching EUR 1.5 billion to date.

"The rapid expansion of Adventum’s portfolio in Poland is very impressive. We are proud to have earned the trust of one of the fastest-developing funds on the Polish market," commented Act Legal Poland Partner Marta Kosiedowska.

"Adventum’s portfolio is growing to above 125,000 square meters of office space with this transaction. Sky Tower expands Adventum’s retail presence in Poland. We are delighted to support this client yet again in such a prestigious acquisition," added Act Legal Poland Managing Partner Marek Wojnar.

The Act Legal Poland team was led by Wojnar and Kosiedowska and included Partner Katarzyna Marzec and Senior Associate Anna Sawaryn.

Dentons’ team consisted of Partner Bartlomiej Kordeczka, Counsel Martyna Racz-Suchocka and Associate Karolina Ostrowska.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue