Linklaters has advised Globalworth on a preliminary purchase agreement with Unibail-Rodamco-Westfield for the Skylight and Lumen office buildings in Warsaw, part of the multi-functional Zlote Tarasy complex. The transaction value was EUR 190 million.
Lumen and Skylight offer a total of 45 thousand square meters of modern leasable space. Linklaters describes them as among the most famous and prestigious office buildings in Warsaw, located as they are in the center of the city.
Dimitris Raptis, Deputy Chief Executive Officer and Chief Investment Officer at Globalworth, said “The purchase of Lumen and Skylight is our largest asset acquisition to date. Our strategy is to own assets in prime locations, within which we can create a strong sense of community that fit in with the character of a given city and are suited to the dynamics of the local workforce. Skylight and Lumen offer centrally-located modern office space with excellent local amenities and transport connectivity. In our view, such buildings will prove to have long-term appeal for occupiers and investors, offering steady income, and will always be attractive assets within a portfolio.”
The Linklaters team was led by Counsel Michal Miecinski and Senior Associate Monika Lerka, supported by Managing Associate Agnieszka Mencel, Senior Associates Tomasz Trystula, Wojciech Podlasin, and Marta Bryjak, Associates Zaneta Rogon, Piotr Zbyszynski, Karol Macias, Szymon Sieniewicz, and Mateusz Cieslak, and Junior Associates Antonina Kozak and Michal Maruszak.
Editor's Note: After this article was published CEE Legal Matters learned that Soltysinski Kawecki & Szlezak had advised companies indirectly affiliated with the Unibail-Rodamco group on the transaction. The SK&S team included Partner Lukasz Berak, Senior Counsel Anna Kratiuk, Partner Radosław Waszkiewicz, and Attorneys Krzysztof Wos and Wiktor Kowalczuk. Partner Piotr Andrzejak and Attorney Bartlomiej Bialy provided tax advice.
