Linklaters has advised FFA Real Estate Ltd., a leading real estate advisory firm acting on behalf of the special purpose vehicle MIDOLUX 2 SA, on the acquisition of the Młodziejowski Palace located in the central district of Warsaw at Miodowa 10. The seller was PATRIZIA Frankfurt Kapitalverwaltungsgesellschaft, a German entity managing real estate investment funds in Europe. This is the first transaction of FFA Real Estate in Poland.
The Młodziejowski Palace is a four-storey property with almost 7,000 sqm of the revitalized and modernized office space of the highest standards. The building was built in the second half of the 17th century and is located close to the Royal Castle, Sigismund’s Column and such important institutions and monuments of Polish culture as National Chamber Opera (Opera Narodowa), the Grand Theatre (Teatr Narodowy), the National Library (Biblioteka Narodowa) and Collegium Nobilium.
The Linklaters Warsaw real estate transaction team was led by Adriana Andrzejewska (managing associate), supported by Jędrzej Pałka (senior associate) and Mateusz Cieślak (associate). The transaction was supervised by Janusz Dzianachowski (partner).
The wider team included Marta Domino (managing associate) and Maciej Chęciński (associate) from Warsaw banking and finance practice and Przemysław Lipin (managing associate) from banking and finance practice in Frankfurt.
FFA Real Estate is a member of FFA Private Bank Group, the leading specialised banking and investment group in the Middle East operating from Dubai (DIFC) and Beirut. FFA Real Estate, is the group’s real estate arm, advising on projects across Europe with a total value of over EUR 200 million.