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act BSWW advises Adventum International on purchase of an office building in Wrocław

Adventum International, an investment fund operating internationally, has purchased an office building located at Plac Orląt Lwowskich in Wrocław.

Covering a usable area of over 17,000 sq.m., the building (“Centrum Orląt”) is located in a city center of Wrocław, nearby the Old Town.

Thanks to this transaction, the Polish portfolio of Adventum’s offices has grown to 63,000 sq.m.

Centrum Orlat has an excellent location and strong property fundamentals. Our strategy with the asset is to undertake a full refurbishment program, transforming it into a modern, energy-efficient Class A office building with BREEAM certification. Leasing of the property has already commenced, with Centrum Orlat re-opening its doors in Q1 2021 – says Andras Marton, Business Development Director at Adventum International.

act BSWW advised Adventum throughout the purchase. The services provided by the law firm included due diligence of the property, drafting transaction-related documents, negotiation support and transaction-related advice.

The project team was led by Marta Kosiedowska (attorney-at-law, Partner) under supervision of Marek Wojnar (attorney-at-law and Managing Partner, co-heading the real estate practice of the law firm). Due diligence audit was prepared under the direction of Michał Sołtyszewski (attorney-at-law, Partner).

It is the fourth project acquired by the fund in Poland over the last year; Adventum International has already purchased Poznań Financial Centre (Poznań), Renaissance Plaza (Warsaw) and Katowice Business Point (Katowice) – says Marta Kosiedowska, Partner at act BSWW. We had the opportunity to assist the Client on all four transactions – she adds.

Adventum is a group of boutique investment fund management companies focused on Central European real estate investments. The Group’s personnel includes highly experienced real estate professionals with CFA, NRW and MRICS qualifications, with a combined investment experience of 70+ years. The management has so far executed investments in the CEE region with a total value of over EUR 1.5bn.

The seller was represented by Deloitte Legal.

01.06.2020

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