Hogan Lovells Warsaw Office advises the ISOC Group
The Hogan Lovells Warsaw Office has advised the ISOC Group in a transaction for the acquisition of class A Business Garden Wrocław I office buildings from Vastint Polska.
Business Garden is a modern office complex that offers 117,000 m² of office and service space which, together with nine other office buildings and the surrounding garden, will eventually occupy an area of seven hectares. The first completed stage of the investment involved the construction of three office buildings with a total leasable area of 37,000 m², and an additional restaurant pavilion.
The ISOC Group is a real estate and industrial infrastructure investment company based in the Philippines, with its registered office in Manila. This transaction is the third of ISOC’s real estate transactions on the Polish market following their acquisition of the Silesia Business Park office buildings in December 2018, and the Argon building in Gdańsk in March 2019. Hogan Lovells has advised the ISOC Group on two transactions.
On the Purchaser's side, the present transaction was conducted by Counsel Bartosz Clemenz. The head of Hogan Lovells real estate legal practice, Partner Marek Grodek, supervised the transaction and coordinated the work of the multidisciplinary legal team. The real estate transaction team included Paweł Gnaś, Michał Zajączkowski, Ewa Kraszewska, Mateusz Dereszyński, Marta Popis, and Adam Nowosielski. Tax advice was provided by Andrzej Dębiec, the Partner heading the tax practice of the Hogan Lovells Warsaw Office, and Counsel Zbigniew Marczyk. All issues concerning IP law were dealt with by Ewa Kacperek, the Counsel heading the intellectual property, media and new technologies department, along with Jakub Baczuk, and Weronika Wołosiuk.
This is now the fifth significant real estate transaction the Hogan Lovells Warsaw office has carried out involving Asian investment in commercial real property in Poland.