Linklaters has advised Echo Investment on the forward sale of the Sagittarius Business House building in Wroclaw, Poland, to Warburg-HIH Invest Real Estate GmbH. The buyer was represented by Dentons.
The class-A office building, with an area of 25,600 square meters is leased in majority to EY and the Bank of New York Mellon. The transaction was structured as a sale of enterprise and was valued at EUR 74.5 million.
The preliminary sale agreement of Sagittarius Business House was signed during the construction process.
According to Dentons, "Echo Investment will be responsible for the completion of the construction works and guarantees full occupancy by the time ownership of the property is transferred."
Linklaters’ team was led by Senior Associate Monika Lerka and Managing Associate Adriana Andrzejewska. The wider team included Associates Ewa Sinkiewicz, Mateusz Cieslak, and Piotr Zbyszynski Senior Associate Tomasz Trystula, and Junior Associate Antonina Koza. IP advice was provided by Managing Associate Agnieszka Mencel and Associate Szymon Sieniewicz. The transaction was supervised by Partner Janusz Dzianachowski.
The Dentons team was led by Partner Pawel Debowski, supported by Counsel Agnieszka Nagorska and Associate Paulina Dabek.