Dentons’ Real Estate team in Warsaw has advised Skanska on the sale of the first two buildings of Krakow's High5ive office complex to Niam. The buyer was advised by Linklaters.
The transaction was signed in December 2017, with the transfer of the property scheduled for the second quarter of 2018. Construction on both buildings is expected to conclude in the first and second quarters of 2018. In total, they will offer 23,400 square meters of leasable space.
The High5ive office complex, located in downtown Krakow, will consist of five office buildings with a total leasing area of about 70,000 square meters. According to Dentons, "the project is eligible for the LEED Gold certification; it will also be certified as 'Building without barriers' awarded to investments fully available for individuals with disabilities."
From Dentons, Partner Bartlomiej Kordeczka led the transaction with the support of Senior Associate Martyna Racz-Suchocka.
Linklaters’s team was led by Managing Partner Artur Kulawski, supported by Managing Associate Judyta Sawicka, Senior Associate Monika Lerka, and Associates Piotr Borzynski and Mateusz Cieslak. Of Counsel and Head of the Warsaw Tax department Mikolaj Bieniasz advised on tax matters.