Hogan Lovells Warsaw Office advised the ISOC Group in the transaction consisting of the acquisition of C and D buildings of "Silesia Business Park" from Skanska.
The transaction involved two new class A office buildings with leasable area of over 24,000 sq.m. Silesia Business Park is located in the most dynamic business district in Katowice. ISOC and Skanska signed the final sale agreement on December 21, 2018.
The ISOC Group is a real estate and industrial infrastructure investment company based in the Philippines with a registered office in Manila. The acquisition of buildings C and D of Silesia Business Park is one of its first real estate transactions in the Polish market. “We are excited by this investment in the Silesia Business Park, and intend to continue investing in Poland,” said Michael Cosiquien, Chairman of the ISOC Group.
From the Purchaser's side, this transaction was conducted by counsel Bartosz Clemenz. The head of Hogan Lovells real estate legal practice, Partner Marek Grodek supervised the transaction and coordinated works of multidisciplinary legal team. The real estate transaction team included Adam Nowosielski, Michał Zajączkowski, Ewa Kraszewska, Marta Popis, Damian Gadomski and Paweł Gnaś. Tax advice was led by Andrzej Dębiec, Partner heading tax practice of Hogan Lovells Warsaw Office and counsel Zbigniew Marczyk, financing legal advice was led by Piotr Zawiślak, Partner leading banking law practice, Mateusz Dereszyński and Jakub Matusielański, and in the area of IP law by Ewa Kacprek, counsel heading intellectual property, media and new technologies department, Jakub Baczuk and Weronika Wołosiuk. From the Seller's side, the transaction was led by Dentons.
This is one of four large real estate transactions in 2018 consisting of Asian investment in commercial real property in Poland, in which Hogan Lovells Warsaw office is involved.