Gide has advised Yareal International on the sale of buildings A and B in Warsaw's LIXA office project to Commerz Real AG. Commerz Real was advised by Baker Tilly in Poland and Linklaters in Luxembourg.
Commerz Real acquired the property through its Luxembourg company CR Fund Management S.a r.l. for South Korean investor Hana Financial Investment. According to Gide, the transaction will be finalized once Yareal completes the two buildings.
The LIXA office project is in Warsaw's Wola District. Buildings A and B, constituting the first stage of the project, will offer a combined leasable area of 28,700 square meters, and they are scheduled for completion by mid-2020.
Gide's team included Counsel Blazej Czwarnok and Associates Rafal Osetek, Aleksandra Kobylinska, and Mateusz Rojek.
