DLA Piper has advised KGAL Investment Management on the acquisition of the Villa Office office building in Warsaw from Echo Investment, for EUR 86.7 million. Allen & Overy and Baker McKenzie advised Echo Investment on the deal.
KGAL is an independent investment and asset manager with assets under management of around EUR 11.2 billion and assets under administration of EUR 4.0 billion.
According to DLA Piper, the Villa Office is a multi-tenant office building with 16,700 square meters that is part of the Browary Warszawskie complex. It is part of a larger district development project on a former brewery site, where, according to the firm, “50,000 square meters of office space and 10,000 square meters of restaurant space will be built alongside 1,000 residential units." According to DLA Piper, the majority of Villa Office is already leased on a long-term basis to high profile international companies.”
DLA Piper's Warsaw-based team was led by Co-Managing Partner Jacek Gizinski and included Counsel Bartlomiej Palusiak, Senior Associates Sylwia Czerwik and Slawomir Mikolajuk, Associate Paulina Galicka, and Junior Associates Alicja Ciebiera and Ewelina Paciorek.
Allen & Overy’s team was led by Partner Michal Matera.
Baker McKenzie’s team was led by Partner Katarzyna Kopczewska and Associate Michal Nocon.
