Greenberg Traurig has advised Echo Investment on the sale of the React office building in Lodz to Estonian investor Summus Capital. Penteris advised Summus Capital.
The closing of the transaction is subject to the City of Lodz not exercising its pre-emption right.
Echo Investment is a Polish development company. It has been listed on the Warsaw Stock Exchange since 1996.
Summus Capital is a real estate investment holding group established to invest in commercial real estate across the Baltic countries.
According to Greenberg Traurig, the React office building offers 15,000 square meters of gross leasable area spread across seven above-ground floors.
The Greenberg Traurig team included Deputy Managing Partner Radomil Charzynski, Local Partner Kamil Majewski, and Associates Jakub Gajzler and Maciej Smaczynski.
The Penteris team included Managing Partner Agnieszka Pytlas, Partner Katarzyna Sawa-Rybaczek, Associates Justyna Jozwiak and Ewa Olszewska, and Head of Tax Piotr Prokocki
