Experts from MDDP Michalik Dłuska Dziedzic i Partnerzy advised 5th Corner on the acquisition of five Warsaw office buildings from the Globalworth fund. Among others, the acquired portfolio includes the Warta Tower building with 30 thousand sq. m.
The value of the executed preliminary agreement amounts to approximately 123 million euro. In addition to the Warta Tower building, the transaction covered four other office buildings located in the business centre of Warsaw: Nordic Park, Bliski Centrum, Batory Building I and Company House I.
MDDP’s support covered comprehensive tax advisory on the transaction. The team was led by Justyna Bauta-Szostak (partner, real estate team leader) supported by: Bartosz Bogdański (partner), Katarzyna Kozakowska (manager), Dariusz Fistek (senior consultant), Katarzyna Jusińska (consultant) and Agnieszka Ośka (consultant).
5th Corner is an investment platform established by Cornerstone Investment Management and other shareholders. In the nearest future the platform is planning to acquire further office properties in business districts of major European cities.