Warburg-HIH’s €54 million acquisition of Pegaz office building in Poland from UBM Development AG


Linklaters has advised UBM Development AG, a leading Austrian developer listed on the Vienna Stock Exchange, in relation to the €54m sale of the “Pegaz” A-class office building in Wroclaw, Poland by its Polish wholly-owned subsidiary to Warburg-HIH Invest Real Estate GmbH who acted on behalf of the real estate investment fund VEMEDSH Immobilien Invest.

UBM Development AG is a leading European developer focusing on hotel, office and residential real estate projects covering the entire value chain, from repurposing and planning permits, to design, marketing and construction management and sale of real estate properties across Europe.

The Linklaters Warsaw office provided comprehensive legal advice and support for all major legal aspects of the transaction which included real estate and corporate issues, and ranged from the preparation and negotiation of transaction documents through to assistance in signing and closing.

The Linklaters team was led by Michal Miecinski (of counsel, real estate, in picture) and included, among others, Monika Lerka (senior associate, real estate), Zaneta Rogon (associate, projects), Judyta Sawicka (managing associate, real estate), Bartosz Guzinski (associate, real estate), Mateusz Cieslak (associate, real estate) and Piotr Borzynski (associate, real estate).

Involved fees earner: Michał Mieciński – Linklaters; Monika Lerka – Linklaters; Judyta Sawicka – Linklaters; Bartosz Guziński – Linklaters; Mateusz Cieślak – Linklaters; Piotr Borzyński – Linklaters; Żaneta Rogoń – Linklaters;

Law Firms: Linklaters;

Clients: UBM Realitätenentwicklung Aktiengesellschaft;