MDDP advised in a record-breaking real estate transaction

MDDP tax experts advised Ghelamco in the sale of the Warsaw Hub complex to the Polish company Google. The sale included two of the three towers of the complex located in the centre of Warsaw (i.e. the office part, the shopping arcade and the underground part). The value of the transaction amounted to approx. EUR 583 million or nearly PLN 3 billion.

Analysts of the real estate market agree that it is the biggest single transaction on the office real estate market – not only in Poland but in the whole CEE region.

During the sale process, Ghelamco was advised by the MDDP team of experts: Paweł Mazurkiewicz, Katarzyna Kozakowska, Dariusz Fistek, Justyna Chmielowska and Agnieszka Ośka. The scope of services provided by MDDP experts included comprehensive tax advisory, including advice on drafting agreements related to the transaction and application for tax ruling.