The Hogan Lovells Warsaw Office have advised ISOC Group in the acquisition of the A and B buildings of the Silesia Business Park from the Swedish investor, Niam.
The Silesia Business Park is located in the most dynamic business district in Katowice, Poland and the transaction involved two class A office buildings with a leasable area of over 24,000 sq.m. The transaction means that ISOC Group will become the exclusive owner of the entire Silesia Business Park complex and the acquisition marks another real estate investment of the ISOC Group in the Polish market.
ISOC Group is a real estate and industrial infrastructure investment company based in the Philippines, with stakes in telecommunications, logistics and cold chain. In 2019, ISOC was shortlisted for the real estate Eurobuild Investor of the Year award.
On the Purchaser’s side, the transaction was executed by counsel Bartosz Clemenz; Head of Hogan Lovells Warsaw real estate practice, partner Marek Grodek, supervised the transaction and coordinated the multidisciplinary legal team. The full real estate transaction team comprised of senior associates Ewa Kraszewska, dr Katarzyna Sulimierska, associate Adam Nowosielski, as well as lawyers Paweł Gnaś, Daria Kostewicz and Karolina Samocik. Partner Piotr Zawiślak, and senior associate Mateusz Dereszyński advised on the financing aspects of the transaction while counsel Ewa Kacperek, and Weronika Wołosiuk advised on IP law.
This is another significant deal concerning Asian investment into commercial property in Poland, which the Hogan Lovells Warsaw office have recently been involved in.