Penteris has advised Immofinanz on its EUR 50 million sale of the Empark office building to Polish developer Echo Investment. Allen & Overy advised the buyer.
The Empark office building is located at the intersection of the Woloska, Domaniewska, and Postepu streets in Warsaw. The total area of the sold real estate is 46,147 square meters.
Immofinanz specializes in the management and development of retail and office properties in Western and Eastern Europe. The company’s property portfolio amounts to EUR 5.1 billion, covering 210 properties as of June 30, 2021.
Echo Investment is a Warsaw Stock Exchange-listed company, operating in the residential, retail, service, and office real estate markets.
The Penteris team was led by Managing Partner Agnieszka Pytlas and Associate Ewa Olszewska and included Senior Associate Sebastian Janicki, Junior Associates Wiktor Pekul and Aleksandra Oleszynska, and Assistant Martyna Zagrzejewska.
The Allen & Overy team was led by Counsel Piotr Przybylski and included Partner Michal Matera and Associate Krystyna Fatyga.