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act BSWW legal & tax advises a company controlled by Adventum Group on acquisition of the Wola Retro office building in Warsaw, for almost EUR 70 million

27.04.2023

The act BSWW team provided comprehensive advice on both: financing and acquisition of the Wola Retro office building in Warsaw.

Financing part of the deal was led by Marta Kosiedowska (Partner) with support of Mariusz Grochowski (Senior Associate).

Transaction itself was led by Marta Kosiedowska (Partner) and Marek Wojnar (Managing Partner) with support of Aleksandra Krzemień (Associate) while Michał Sołtyszewski (Partner) was leading DD team.

The office building has been acquired at a net purchase price of ca. EUR 69.3 million net of VAT. This transaction underscores the company’s commitment to strategic investments that drive growth and enhance profitability, positioning it for continued success in the dynamic real estate market.

Wola Retro is an office building, completed in 2019, located in Warsaw’s Wola district, which was constructed as a result of the adaptation of a pre-war building in cooperation with the conservation officer. The complex offers a total of 25,900 sqm of office space.

Congratulations to Adventum on the completion of this transaction, which is truly impressive considering its complex nature. We are happy to have assisted our Client in yet another significant asset acquisition in Poland (after successful purchase of a number of well known buildings including recently Sky Tower in Wrocław) and its financing and we are looking forward to working together on future projects”-  said Marta Kosiedowska – Partner in act BSWW.

We’re very pleased to support our longstanding client Adventum on this complicated deal, delivered quickly and efficiently. Acting for great clients like Adventum on such transactions is core to our strategy.” – said Marek Wojnar – Managing Partner of act BSWW.

Andras Marton, commented “The act BSWW team did an outstanding job for us. Thanks to their exceptional skills and unwavering commitment to excellence, the act BSWW team was able to successfully deliver high-quality results, even within the constraints of a tight timeline. Their technical expertise and professionalism were critical in achieving the set goals.

The seller was advised by the law firms Dentons and GWW.

Adventum Group is a boutique investment fund management company focused on Central European real estate investment projects.

The group has thus far completed projects with a total value of over EUR 1.5bn in the CEE region.

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

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