Allen & Overy has advised Solida Capital on its EUR 40 million acquisition of West 4 Business Hub I office building from Echo Investment. Dentons and Baker McKenzie advised the seller.
Located in Wroclaw, West 4 Business Hub I is an office building with a total area of around 15,500 square meters. Its tenants include Vorwerk, PM Group, CitySpace, and Sii Polska.
Solida Capital is an investment and development company with over EUR 250 million of assets under management.
Echo Investment is a Warsaw Stock Exchange-listed Polish developer, specializing in the residential, retail, service, and office market.
"West 4 Business Hub, as a destination project, not only enjoys the perfect location in the flourishing part of the city but can also be distinguished by its sustainable solutions, comfortable working space, and modern design," Echo Investment Investment Director Michal Obara commented. "We are thrilled to start our cooperation with Solida Capital that appreciated the building’s location as well as its long-term value and quality."
The Allen & Overy team was led by Associate Malgorzata Jastrzebska and included Partner Michal Matera, Senior Associate Anna Pawelec, Associate Katarzyna Fus-Starzec, and Intern Julia Niedziela.
The Dentons team was led by Counsel Anna Garbula-Wegrzynowska and included Partner Piotr Szafarz and Associate Joanna Poplawska.
The Baker McKenzie team consisted of Partner Katarzyna Kopczewska and Associate Michal Nocon.