WARSAW – 31 March 2023 – Greenberg Traurig advised Echo Investment on the sale of My Place II (Moje Miejsce II) office complex in Warsaw to Trigea Real Estate Fund.
My Place II is a part of a mixed-use development completed in 2021, which includes two office buildings, five residential buildings, service outlets and a green open common space, and is located in the Mokotów district of Warsaw. The transaction value is EUR 45 million.
The Greenberg Traurig team was led by Local Partner Kamil Majewski, who was supported by Associate Jakub Gajzler, Junior Associate Maciej Smaczyński as well as Hanna Żaboklicka. Deputy Managing Partner Radomił Charzyński supported the team by strategic advice.
“Congratulations to Echo Investment on completing the sale of this quality mixed-use project. We are delighted to have assisted our Client on yet another deal with Trigea, following last year’s sale of the MidPoint71 office building in Wrocław, and we are looking forward to working together on future projects,” said Radomił Charzyński.
“This transaction proves the strength and resilience of the office sector, and yet again confirms institutional investors’ interest in destination projects. Congratulations to Echo Investment and Trigea, and thank you to everyone involved in making this one happen,” added Kamil Majewski .
Echo Investment is the largest Polish developer with extensive experience in three sectors of the real estate market: residential, retail, service and office. As a company responsible for urban development, Echo Investment was involved in large city-creating projects combining various functions, such as Warsaw Brewery or Fuzja in Łódź. Since 1996, Echo Investment has been listed on the Warsaw Stock Exchange.
Trigea Real Estate Fund, a Czech real estate fund established in 2019, is currently one of the fastest-growing Czech fund. Trigea focuses mainly on commercial properties, especially office buildings and retail. The fund operates in Czech Republic and Slovakia and may soon enter another CEE regions.