MAGNUSSON ADVISED UBS REAL ESTATE ON THE PROPERTY DISPOSAL IN POLAND
Mazovia Plaza located in the North Praga district and a six-minute walk from the Wileńska metro station is a seven-storey building offering approximately 6,000 sq. m. of office, retail and storage space. The property offers 76 parking spaces. The transaction was closed in May 2016.
Magnusson provided UBS Real Estate GmbH with comprehensive legal advice concerning the transaction, including assisting in the legal due diligence process, drafting, negotiating and executing the sale agreement along with auxiliary agreements. Cushman & Wakefield was acting as real estate advisor and broker of the seller.
The Magnusson team advising UBS Real Estate GmbH was led by partner Michał Siwek. The team was composed of senior associates Bartosz Dębski and Dawid Demianiuk and an associate Zuzanna Wencel-Czuryszkiewicz.
Michał Siwek, partner at Magnusson, commented, “We are very glad that as a result of a long and intensive process we have successfully completed this transaction together with the Investment Team of UBS Real Estate and Cushman & Wakefield. The Warsaw Praga district is a vibrant and fast evolving area. Following Praga 306 project, in which we were also involved, the ownership change of Mazovia Plaza is one of many developments, which this quarter will definitely see in the coming years”.
MARTIN HIRVOJA AS AN EXPERT SPEAKER AT THE ST. PETERSBURG INTERNATIONAL LEGAL FORUM
Martin Hirvoja, attorney-at-law from Magnusson Tallinn Office, participated as an expert on the panel on How to Make Government Oversight Amiable yet Effective: Presentation of a New Draft Bill on State Control and Supervision of Russian Federation.read more
MAGNUSSON WARSAW ADVISES VASTINT ON SALE OF THREE OFFICE BUILDINGS IN WROCŁAW
Magnusson Warsaw represented Vastint Poland in the process of selling three office buildings being a part of Business Garden Wrocław. The property was purchased by the Philippine fund ISOC Group.read more
MAGNUSSON FINALISES ONE OF SWEDEN'S LARGEST REAL ESTATE LAWSUITS
The case concerned the termination of a site leasehold right concerning Berg's oil port located in Nacka. Oil depot activities have been conducted on the property since 1959. Nacka municipality has during the last twenty years planned to create a denser and more mixed urban development on western Sickla island, where the property is located.read more
MAGNUSSON WINS IN SWEDEN’S ENVIRONMENTAL COURT
Magnusson has successfully represented Varbergs Bostadsaktiebolag in the Environmental Court in a case concerning exemption from the prohibitions in the biotope protection provisions in the Environmental Code.read more