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Deal Date: 25-01-2018 Practice Area: Real Estate
Deal Title: UBM Development AG Sale of Holiday Inn, Wyspa Spichrzow, Gdansk Industry: Travel & Leisure
Linklaters advised UBM Development AG, the leading Austrian developer, concerning the EUR38m forward sale of a new Holiday Inn hotel to an institutional investment fund managed by the German Union Investment Real Estate GmbH. The new hotel was to have 240 rooms and was being developed directly on the water's edge at the tip of the historic Granary Island (Wyspa Spichrzow) in the old town of Gdansk.
Financial Center: Warsaw Value: 0.00-0.00
Advised Party: Seller Law Firm
Real Estate Jurisdiction Poland Purchaser Jurisdiction Germany
Classification: Real Estate Acquisitions and Disposals Hotels
Lawyer Michal Miecinski