Echo Investment has signed a final agreement for the sale of the Brain Park A office building, spanning 14,000 sqm, in Kraków to the SCPI Transitions Europe fund, managed by Arkéa Real Estate Investment Management.
Building A forms part of the first phase of the Brain Park complex, one of Kraków's key business hubs, located at the intersection of Aleja Pokoju and Fabryczna Street. Arkéa Real Estate Investment Management is a real estate asset manager overseeing more than €3.5 billion of assets across major European markets, including France, the Netherlands, Germany, Italy, Ireland and Poland.
"Thanks to its location, ESG solutions, efficient workspace design and vibrant tenant community, Brain Park has become one of Kraków's office developments. Building A is being transferred to Transitions Europe, a French real estate investment vehicle, fully leased, confirming the recovery of the Polish investment market," said Judyta Sawicka, Head of Investment & Divestment at Echo Investment.
In the transaction, Transitions Europe was advised by Greenstone Asset Management, Dentons and Trebbi. The seller was supported by Colliers, with legal advisory services provided by A&O Shearman.
The office building incorporates energy efficient solutions and is partially powered by renewable energy sources. The Brain Park complex offers electric vehicle charging stations, bicycle racks and changing rooms with showers.
