Linklaters advises Hines European Value Fund 1 on the acquisition of Wola Center from Develia – EuropaProperty

Linklaters has advised Hines European Value Fund 1, through its subsidiary Wola Center sp. z o.o., on the acquisition of the Wola Center office building in Warsaw from Develia.

Wola Center now belongs to Hines European Value Fund 1 (HEVF 1), a closed-end fund managed by Hines, investing in Core-Plus and Value-Add properties since 2017. The company’s main investment targets include office and commercial properties, as well as mixed projects on major European markets.

Wola Center is a complex of office buildings in the Wola district of Warsaw that offers nearly 28,000 sqm office space for rent and a two-level underground car park with over 300 parking spaces available for tenants and guests.

The transaction team was led by Tomasz Trystuła (senior associate, real estate) under the supervision of Janusz Dzianachowski (partner, real estate).