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Octava FIZAN executed a final purchase agreement for the acquisition of an office portfolio of six assets in five major Polish cities. The properties are located in Warsaw (FDS Plaza and Light House), Wrocław (Quattro Forum), Poznań (Winogrady Business Center), Łódź (Red Tower) and Tri-City (Alfa Plaza), totalling approximately 48,300 sq m of GLA.
The portfolio was selectively carved out from a larger platform, the Arka BZ WBK Property Market Fund, the first closed-end commercial real estate fund established in Poland in 2004. JLL advised the Purchaser on the commercial aspects of the deal and coordinated the transaction within the timelines of the Arka Fund winding up. Magnusson supported the Buyer on the legal and tax matters managing the share deal structure.
OCTAVA S.A., company listed on the Warsaw Stock Exchange since 1997, is a minority stakeholder in Octava FIZAN. On behalf of Octava S.A. JLL successfully completed the disposal of Magnolia Shopping Centre in Wrocław to Blackstone in 2011.
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