Greenberg Traurig and Baker McKenzie have advised Echo Investment on the sale of the MidPoint 71 office building in Wroclaw to the Trigea Real Estate Fund.
The value of the transaction is over EUR 100 million. Echo Investment is a Polish developer with experience in residential, retail, service, and office real estate sectors. Since 2019, Hungarian Wing is the main shareholder of Echo Investment.
The Czech Republic's Trigea Real Estate Fund, established in 2019, focuses mainly on commercial properties, especially office buildings and retail.
According to Greenberg Traurig, “MidPoint 71, recently developed by Echo Investment as the developer’s seventh office project in Wroclaw, offers over 36,000 square meters of office space, over 80% of which is already leased. The building designed by architects from Medusa Group obtained the Excellent BREEAM Interim certificate.”
Greenberg Traurig’s team included Deputy Managing Partner Radomil Charzynski, Local Partner Kamil Majewski, Associates Jakub Gajzler, Marcin Gralewski, and Agnieszka Lichota, and Junior Associate Maciej Smaczynski.
Baker McKenzie's team included Partner Katarzyna Kopczewska and Counsel Michal Maj.
Editor's Note: After this article was published, CMS announced that it had advised the Trigea Real Estate Fund on the acquisition. The firm's team included Partner Malgorzata Madej-Balcerowska, Senior Associate Zaneta Baldowska, Associate Julia Resmer, and Lawyer Joanna Ostapiuk.