Weil has advised Echo Investment on the EUR 49 million sale of the O3 Business Campus II office building in Krakow to Echo Polska Properties N.V. Kochanski Zieba & Partners advised the buyers on the transaction, which was part of a greater transaction in 2016 involving a portfolio of real estate assets in Poland.
According to a KZP press release, the O3 Business Campus investment consists of three office buildings located in Krakow, each of which offers 19 thousand square meters of lease space. The first of these was bought by EPP in December 2016, and the construction of O3 Business Campus II was completed in the third quarter of 2017. Most of the space is leased by HCL Poland and HedgeServ. The third building of the complex is still under construction, with completion scheduled for the first quarter of 2018.
Weil's transaction team included Partner Filip Uzieblo and Corporate Senior Associate Agnieszka Koniewicz.
The Kochanski Zieba & Partners team was headed by Partner Kamil Osinski and Associate Malwina Stajniak, assisted by Senior Associates Marcin Rzysko, Marcin Huczkowski, Klaudia Szymanska, Agnieszka Serzysko, Katarzyna Cybulska, and Joanna Kosmider, and Associates Piotr Zabkiewicz, Aneta Serowik, and Kamil Wroblewski.
Image Source: o3businesscampus.com.pl