Allen & Overy has advised FLE on its acquisition of the Kopernik Office Buildings in Warsaw from the DWS Group. Linklaters advised the seller.
According to Allen & Overy, “the property, located in one of Warsaw’s main business districts and office concentration areas, on Aleje Jerozolimskie, comprises five office buildings.”
French LFPI group company FLE is a Vienna-headquartered investment advisor for real estate in Europe. The DWS Group is a German asset manager.
“The Kopernik Office Buildings have been with DWS for over 15 years,” DWS Head of CEE Marek Jakubiak commented. “Over the years, the property has proven to be very resistant to market and economic cycle changes, with a stable level of occupancy and fluent leasing transitions. This successful disposal is a testament to the attractiveness of the Warsaw office market and we are pleased to have delivered value to our investors in this region.”
The Allen & Overy team included Partner Michal Matera, Counsel Piotr Przybylski, Senior Associate Malgorzata Jastrzebska, Associates Martyna Tepinska, Katarzyna Fus-Starzec, Michal Galuszynski, and Julia Niedziela, and Legal Intern Marta Wdowiak.
The Linklaters team was led by Of Counsel Adriana Andrzejewska and included Senior Associates Samanta Wenda-Uszynska and Ewa Sinkiewicz and Junior Associate Aleksandra Mielniczuk.