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Magnusson and Weil Advise on Octava Acquisition of 11-Property Portfolio in Poland

Magnusson and Weil Advise on Octava Acquisition of 11-Property Portfolio in Poland

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Magnusson and Dubinski Fabrycki Jelenski have advised Octava Non-Public Assets Closed-End Investment Fund on its purchase of a portfolio of 11 real properties, effected by purchasing 30 companies owned by two BPH closed-end real estate investment funds. BPH TFI was advised by Weil, Gotshal & Manges. Financial details were not disclosed.

According to Magnusson, the properties in the portfolio include the Centrum Krakowska 61, Renaissance Tower, Eureka Park complex, Viking House, Rodan, Onyx office building in Cracow, Media Markt in Chorzow, and Carrefour in Boleslawiec. The total leasable area of the properties amounts to aporoximately 140,000 square meters.

Octava Non-Public Assets Closed-End Investment Fund is part of a capital group controlled by the investment funds of the Elliott and Octava groups. Octava FIZAN now owns 19 commercial assets with total leasable area of approximately 210,000 square meters. 

The Magnusson team was led by Partner Katarzyna Sawa-Rybaczek.

The Weil team consisted of Counsel Zofia Frydrychowicz, Senior Associate Filip Uzieblo, and Associates Tomasz Bakowski and Jerzy Bombczynski.

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