WARSAW – 27 November 2024– Greenberg Traurig advised Echo Investment on the sale of the REACT office building located in the center of Łódź to the Estonian investor Summus Capital.
The closing of the transaction is subject to the City of Łódź not exercising its pre-emption right.
The REACT office building, located in the Śródmieście district of Łódź has a total space of 15,000 sqm GLA, spread across 7 above-ground floors.
The Greenberg Traurig transactional team was led by Local Partner Kamil Majewski, who was supported by Associates Jakub Gajzler and Maciej Smaczyński. Deputy Managing Partner Radomił Charzyński provided strategic advice on the transaction.
"Congratulations to Echo Investment on the successful completion of their first transaction with Summus Capital. We are pleased to have been able to support our valuable client on this deal, which underscores the investor interest in well-located office buildings within the regional market,” said Kamil Majewski, Local Partner in the Warsaw office real estate team.
Echo Investment is one of the largest Polish developers with extensive experience in key sectors of the real estate market, currently focusing on the office, residential and private rental sectors. As a company responsible for urban development, Echo Investment was involved in large city-creating projects combining various functions, such as Warsaw Brewery, and is currently involved in the development of the landmark Towarowa 22 destination project in Warsaw. The company has been listed on the WSE since 1996.