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MAGNUSSON ADVISES OCTAVA ON ACQUISITION OF PROPERTY PORTFOLIO

2017-07-05

Magnusson advised Octava Non-Public Assets Closed-End Investment Fund (Octava FIZAN) in relation to the purchase of a portfolio of 11 real properties, effected by purchasing 30 companies owned by two BPH closed-end real estate investment funds.

The portfolio of the purchased real properties includes the following 11 office and commercial buildings: Centrum Krakowska 61, Renaissance Tower, Eureka Park complex, Viking House, Rodan, Onyx office building in Cracow, Media Markt in Chorzów and Carrefour in Bolesławiec. The total lease area of the taken over real property portfolio amounts approximately to 140,000 sq.m.

Following the conclusion of this transaction, Octava FIZAN became the owner of 19 commercial assets with the total lease area of approximately 210,000 sq.m. 

Magnusson team was led by Katarzyna Sawa-Rybaczek, partner in real estate team, supported by Joanna Misztal-Dzitko and Karolina Bandzul from banking and finance team. „We are always prepared, and more than pleased, to assist clients on such complex deals", comments attorney-at-law Katarzyna Sawa-Rybaczek.

 The transaction was executed following the fulfilment of material conditions, one of which was obtaining consent of the Office of Competition and Consumer Protection (Urząd Ochrony Konkurencji i Konsumentów).

Octava FIZAN is part of a capital group controlled by the investment funds of the Elliott and Octava groups.

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