by Property Forum | Investment

The Gatehouse Offices, the first office building of Warsaw Brewery, will be acquired by a fund managed by GLL Real Estate Partners. The project of Echo Investment, which will obtain the occupancy permit in Q4 2018, will be sold for €76.5 million.


The 15,700 sqm office building will be mainly occupied by L’Oréal Polska, Epam and WeWork. Employees of these companies will use a comfortable work space and green terraces located on the roof. The ground floor of the building will be occupied by cafes, restaurants and stores. The Gatehouse Offices will be ready to move into in 2019.
 
Warsaw Brewery is the area between Grzybowska, Wronia, Chłodna and Krochmalna streets, which will be reintroduced to the urban fabric by Echo Investment. A new, open quarter created by residential buildings, office buildings and public squares, rest and recreation places, cafes, restaurants and shops is being developed. This is a place with a beautiful history but above all a modern, functional and comprehensive urban and architectural concept.
 
“We have designed Warsaw Brewery in such a way that this place would attract people, be friendly and convenient for work, meetings and leisure. We are pleased that GLL Real Estate Partners will soon become a co-host of this unique ‘destination’ project”, says Nicklas Lindberg, Echo Investment CEO.
 
Echo Investment has already begun the construction of the next two office buildings: Villa Offices and Malthouse Offices. In another part of this area, three buildings, which apartments quickly found buyers, are developed as well as a residential building for the apartment rental platform Resi4Rent. The developer has also started work on the renovation of historic cradle cellars in which beer was formerly stored.