Echo Polska Properties €120 million acquisition of Towarowa 22

5/10/2016
Real estate acquisition

€ 120 million

$ 132.241 million

Completed

5/10/2016


Overview:

  • Echo Polska Properties has signed an agreement with Echo Investments to jointly acquire Towarowska 22 in Warsaw from Griffin Real Estate for €120 million.
  • The property is a commercial area with approximately 6.5 hectares of space which is used mainly by furniture and home accessories stores.
  • Echo Polska Properties is a real estate investment fund that invests in commercial office, retail, and industrial properties across Poland.

Anna Kozakova - Journalist

Jurisdiction:

Poland

Deal type:

Real estate acquisition

Practice area:

Real estate acquisitions

Industry sector:

Real estate


Firms:

Party: Griffin Real Estate Group (Seller)


Party: Echo Polska Properties (Acquirer)

Party: Echo Investment (Acquirer)


Party: Echo Polska Properties (Acquirer)