Month: March 2019

On March 12, 2019, Strabag sp. z o.o. entered into an agreement for the purchase of Atrium International in Warsaw.

Atrium International is a 6-storey office building offering over 12,000 square meters of lease area, located in Warsaw’s central business district, which is considered to be among the most sought-after investment locations in Central and Eastern Europe.

act BSWW was advising Strabag throughout the process of acquisition of Atrium International. The scope of legal services included due diligence audit, preparation of transaction-related documents, as well as support in negotiations and deal closing.

The project team was headed by Marek Wojnar (Managing Partner, attorney-at-law) and Marta Kosiedowska (Partner, legal counsel). They were supported by Katarzyna Marzec (Partner, legal counsel), Magdalena Banasczyk-Głowacka (Partner, legal counsel), Michał Sołtyszewski (Partner, attorney-at-law) and Katarzyna Góra (Associate, trainee attorney-at-law).

“Our law firm has been working with Strabag Group on dozens of real estate transactions over the past years. We are proud that the company once again put its trust in us with respect to such a significant project, acknowledging our knowledge and abilities,” says Marek Wojnar.

“Our Client has acquired a popular office building that boasts vast investment potential and makes it possible to develop one of Warsaw’s highest office towers,” adds Marta Kosiedowska.

YIT, Finland’s leading developer which also operates in Poland, acquired a nearly 6-hecate land lot in the Warsaw district of Bemowo. The intended project (Nordic Bemowo) will feature a residential estate in a perfect location, close to two newly-emerging stations of the second metro line. It is going to be implemented in stages, seeing a total of over 600 apartments. The current stage of the project involves conceptual and design works.

 

act BSWW was advising YIT throughout the process of acquisition of the real property. The scope of consulting services included a due diligence review of the property, preparation of transaction documents, support in negotiations and closing the deal. Michał Wielhorski (attorney-at-law and Managing Partner at act BSWW) acted as the team leader. He was supported by Mateusz Prokopiuk (attorney-at-law, Senior Associate) and Michał Sołtyszewski (attorney-at-law, Senior Associate). Tax issues were handled by Małgorzata Wąsowska, Head of Tax at act BSWW.

 

“It is of great importance for us to be able to work with such renowned developers operating in Warsaw’s real estate market. We appreciate the opportunity to be involved in this project and provide comprehensive advisory at each stage,” says Michał Wielhorski.

We are delighted to announce that Chambers Europe 2019 (www.chambers.com) recommended act BSWW in the following practice areas: Real Estate and Capital Markets: Debt.

act BSWW was advising NEO Hospital Group (that runs “Szpital na Klinach” in Kraków) on the acquisition of a uniquely modern da Vinci surgical system.

It is a medical robot developed by a US-based corporation, Intuitive Surgical. It was designed in order to facilitate complex surgery using a minimally invasive approach. It is applied predominantly during gynecological, urologic and cardiac surgeries.

The scope of the law firm’s works included negotiations with the supplier, private investors and the financing entity.

The project team was headed by Piotr Smołuch (attorney-at-law, Managing Partner). He was supported by Michał Pawlak (legal counsel, Senior Associate).

“We are pleased to have been given a chance to work on a transaction involving the purchase of such an innovative product,” says Piotr Smołuch.

On February 28, 2019, Strabag PFS Austria GmbH (member of Strabag Group) signed an agreement to purchase 100% shares in Caverion Polska Sp. z o.o. The previous owner, Caverion Oyj (Finland), decided to withdraw from the Polish market. The company’s operations were focused on technical facility management.

Caverion Polska, established in 1993, had a workforce of 170. Its 2017 turnover was approx. EUR 12m, with most generated by technical facility management (and the rest by industrial installations).

The transaction value has not been disclosed.

act BSWW was advising Strabag Group throughout the process of acquisition of Caverion Polska’s shares. The scope of consulting services included a due diligence review of the company, preparation of transaction documents, support in negotiations and representation in anti-trust clearance procedures before the Office of Competition and Consumer Protection.

The project team was led by Marek Wojnar (attorney-at-law, Managing Partner). He was supported by Marta Kosiedowska (legal counsel, Partner) and Katarzyna Góra (trainee attorney-at-law, Associate).

“We are happy to win yet again the trust of Strabag Group, market leader that stands for top quality. The Client clearly appreciates our knowledge, skills and experience in M&A transactions, especially with respect to extension of business operations in Poland, which is a highly sensitive and challenging area,” says Marek Wojnar.