MAGNUSSON WARSAW ADVISES IMMOFINANZ ON THE EUR 386M ACQUISITION OF WARSAW SPIRE
The Warsaw Spire Tower Building is roughly 220 metres high and has approximately 71,600 sqm of rentable space. It has 49 floors and is the highest office tower in Warsaw. The office space is fully rented, among others to Goldman Sachs, Samsung, JLL and Mastercard.
The tower is situated in the rapidly growing City Center West district.
Our team advising IMMOFINANZ was led by Agnieszka Pytlas, Managing Partner Warsaw, and Dawid Demianiuk, Partner, supported by Kamil Osowski, Iga Piotrowska (due diligence), Jeremiasz Kuśmierz (antitrust), and Paulina Kotecka (banking).
IMMOFINANZ’s property portfolio in Poland had a book value of EUR 760.3 million as of 31 March 2019, which represents 17.2% of the total portfolio. The 26 standing investments have approximately 377,100 sqm of rentable space and an occupancy rate of 93.0%.
MAGNUSSON WARSAW ADVISES AS IMMOFINANZ CLOSES THE EUR 386M ACQUISITION OF WARSAW SPIRE
Magnusson Warsaw has advised IMMOFINANZ on its acquisition of Warsaw Spire. The closing took place on 11 July 2019, following the release of the transaction by the Polish antitrust authorities.read more
Amendments made to the Competition Law – new requirements for the public sector
During the last Parliament session of March, the Competition Law (CL) amendments were supported during the third and last reading. The amendments mirrored the Competition Council’s (CC) long efforts to enlarge the existing mechanisms in their arsenal in combating the CL violations by public persons. This initiative of the CC is rooted in more than thirty violations of the CL by public persons and their corporations, and in that separate institutions have historically earned reinforced and repeated attention from the CC.read more
Newsletter from Latvia
Amendments made to the Law on Declaration of Cash on the State Border, Law on Tax and Duties and the Law on VATread more
MATISS ROSTOKS SUCCESSFULLY REPRESENTS CLIENT IN CIVIL CLAIM FOR DAMAGES
In May 2019, in a civil case, where the plaintiff – a Magnusson Latvia client – was represented by a Magnusson Latvia partner, attorney-at-law Matīss Rostoks, the court completely satisfied the claim for damages related to the delay of the deadline for the loading of international freight transportation.read more