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Closing: Echo Investment’s EUR 56 Million Sale of Office Buildings in Lodz to KGAL Group Now Closed

Closing: Echo Investment’s EUR 56 Million Sale of Office Buildings in Lodz to KGAL Group Now Closed

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On July 4, DLA Piper announced that Echo Investment’s EUR 56 million sale of three office buildings within its mixed-use Fuzja revitalization project in Lodz to German investment manager KGAL Group (reported by CEE Legal Matters on January 28, 2022) had closed.

As previously reported, Allen & Overy and Baker McKenzie advised Echo Investment on the sale, while DLA Piper advised the KGAL Group. According to DLA Piper, "the transaction includes three buildings, offering tenants approximately 22,000 square meters with BREEAM certification. The buildings are located in Fusion, a multifunctional complex that is being developed in Lodz on the premises of a former cotton factory."

The DLA Piper team included Country Managing Partner Jacek Gizinski, Partner Bartek Palusiak, Senior Associates Sylwia Czerwik and Slawomir Mikolajuk, Associates Paulina Galicka and Ewelina Paciorek, and Trainee Milosz Dykacz.

The Allen & Overy team included Partner Michal Matera, Associates Malgorzata Jastrzebska and Katarzyna Fus-Starzec, and Intern Julia Niedziela.

The Baker McKenzie team included Partner Katarzyna Kopczewska, Counsel Michal Maj, and Lawyer Agata Glowacka.

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Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

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