act legal covers all major European business centres.
Warsaw | Amsterdam | Bratislava | Bucharest | Budapest | Frankfurt | Milan | Prague | Vienna
meet us at www.actlegal.com

x

News

act BSWW legal & tax advises Adventum on EUR 84m acquisition of Sky Tower

Adventum Group, an investment fund manager operating internationally, is at the final stage of the EUR 84.42 million acquisition of Sky Tower, a landmark development in Wrocław, one of Poland’s biggest and highest mixed-use projects.

Develia S.A. (the seller) and Adventum Group (the buyer) have entered into the preliminary sale agreement, with the final agreement slated to be signed until the end of 2021.

act BSWW legal & tax has provided Adventum with comprehensive legal assistance with respect to the preliminary agreement, and will continue to do so until the project’s completion. The services rendered by the law firm included due diligence of the property, drafting transaction-related documents, and negotiation support.

The project team was led by Marta Kosiedowska (Partner) and Marek Wojnar (Managing Partner co-heading the law firm’s real estate practice). The due diligence audit was prepared under the supervision of Katarzyna Marzec (Partner). The transactional team was supported by Anna Sawaryn (Senior Associate).

“The rapid expansion of Adventum’s portfolio in Poland is very impressive. We are proud to have earned the trust of one of the fastest-developing funds on the Polish market,” says Marta Kosiedowska, Partner at act BSWW legal & tax.

“Adventum’s portfolio is growing to above 125,000 m² of office space with this transaction. Sky Tower expands Adventum’s retail presence in Poland. We are delighted to support this Client yet again in such prestigious acquisition,” adds Marek Wojnar, Managing Partner at act BSWW legal & tax.

Sky Tower is one of the highest office, commercial and residential complexes in Poland (212 metres and 50 floors). Apart from over 30,500 m² of leasable office space, the project covers commercial space (25,000 m²), luxury apartments, comprehensive leisure facilities, and a multi-level underground car park. The total area of the building is approx. 171,000 m².

Adventum Group 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 group has so far executed investments in the CEE region with a total value of over EUR 1.5bn.

The seller was represented by Dentons.

16.09.2021

Share

Related news

News

NEWSLETTER: The tax side of real estate / November 2021

Get the RET right The tax side of real estate. Periodic newsletter for the Real Estate sector. November 2021 A spin-off involving the division between the main and additional business activity, accompanied by the lease of a property to an affiliated entity, is not ar...

News

act BSWW legal & tax advises TK Finans Tomasz Księżopolski on the bond issue

The Bonds Team provided comprehensive legal advice to TK Finans Tomasz Księżopolski in relation to the issue of 3-year bonds worth PLN 20 million. The funds obtained from the issue will be used to finance a real estate development project in Lublin. The firm's adviso...

News

Capital Newsletter

Crowdfunding services in light of ECSP Regulation November 10, 2021 marks the effective date for Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (...

News

act BSWW legal & tax advises 7R on PLN 41.3 mln bond issue

act BSWW legal & tax advised Kallisto 17, a company from the 7R SA group, on a bond issue with a nominal value of PLN 41.3 million. The funds obtained from the issue will serve to finance a logistics investment project in the Tricity. The bonds redemption is schedul...

Tax alert

NEWSLETTER: The tax side of real estate / October 2021

Get the RET right The tax side of real estate Periodic newsletter for the Real Estate sector October 2021 Companies that rent apartments for the residential purposes of their employees will have to pay VAT, according to the general ruling issued by the Minister of F...

News

act BSWW legal & tax advises Adventum on acquisition of Mercedes-Benz building

Adventum Group, an investment fund manager operating internationally, has acquired the Mercedes-Benz building in Warsaw. act BSWW legal & tax provided Adventum with comprehensive legal assistance related to the transaction. The services rendered by the law firm inc...

View all