Echo Investment sells Warsaw office building for €76.5 million

28
Nov
2018
News - Echo Investment sells Warsaw office building for €76.5 million #Echo Investment #GLL #investment #office #Poland #Warsaw

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.



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New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.


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