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Greenberg Traurig Advised Echo Investment on the Sale of My Place II in Warsaw

WARSAW – 31 March 2023 – Greenberg Traurig advised Echo Investment on the sale of My Place II (Moje Miejsce II) office complex in Warsaw to Trigea Real Estate Fund.

My Place II is a part of a mixed-use development completed in 2021, which includes two office buildings, five residential buildings, service outlets and a green open common space, and is located in the Mokotów district of Warsaw. The transaction value is EUR 45 million.

The Greenberg Traurig team was led by Local Partner Kamil Majewski, who was supported by Associate Jakub Gajzler, Junior Associate Maciej Smaczyński as well as Hanna Żaboklicka. Deputy Managing Partner Radomił Charzyński supported the team by strategic advice.

“Congratulations to Echo Investment on completing the sale of this quality mixed-use project. We are delighted to have assisted our Client on yet another deal with Trigea, following last year’s sale of the MidPoint71 office building in Wrocław, and we are looking forward to working together on future projects,” said Radomił Charzyński.

“This transaction proves the strength and resilience of the office sector, and yet again confirms institutional investors’ interest in destination projects. Congratulations to Echo Investment and Trigea, and thank you to everyone involved in making this one happen,” added Kamil Majewski .

Echo Investment is the largest Polish developer with extensive experience in three sectors of the real estate market: residential, retail, service and office. As a company responsible for urban development, Echo Investment was involved in large city-creating projects combining various functions, such as Warsaw Brewery or Fuzja in Łódź. Since 1996, Echo Investment has been listed on the Warsaw Stock Exchange.

Trigea Real Estate Fund, a Czech real estate fund established in 2019, is currently one of the fastest-growing Czech fund. Trigea focuses mainly on commercial properties, especially office buildings and retail. The fund operates in Czech Republic and Slovakia and may soon enter another CEE regions.

Greenberg Traurig LLP

Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2650 attorneys serving clients from 44 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Antitrust/Competition.

About Greenberg Traurig's Real Estate Practice

Greenberg Traurig's Global Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive legal solutions for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of 700 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, and Latin America. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.

Greenberg Traurig's real estate team in Warsaw consists of 40 top-rated specialists who cover a broad spectrum of core real estate and additional practices. The team offers clients an unparalleled level of legal experience and service in Poland and within Central Europe.

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