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Greenberg Traurig and Baker McKenzie Advise Echo Investment on Sale of Office Building in Wroclaw

Greenberg Traurig and Baker McKenzie Advise Echo Investment on Sale of Office Building in Wroclaw

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Greenberg Traurig and Baker McKenzie have advised Echo Investment on the sale of the MidPoint 71 office building in Wroclaw to the Trigea Real Estate Fund.

The value of the transaction is over EUR 100 million. Echo Investment is a Polish developer with experience in residential, retail, service, and office real estate sectors. Since 2019, Hungarian Wing is the main shareholder of Echo Investment.

The Czech Republic's Trigea Real Estate Fund, established in 2019, focuses mainly on commercial properties, especially office buildings and retail.

According to Greenberg Traurig, “MidPoint 71, recently developed by Echo Investment as the developer’s seventh office project in Wroclaw, offers over 36,000 square meters of office space, over 80% of which is already leased. The building designed by architects from Medusa Group obtained the Excellent BREEAM Interim certificate.”

Greenberg Traurig’s team included Deputy Managing Partner Radomil Charzynski, Local Partner Kamil Majewski, Associates Jakub Gajzler, Marcin Gralewski, and Agnieszka Lichota, and Junior Associate Maciej Smaczynski. 

Baker McKenzie's team included Partner Katarzyna Kopczewska and Counsel Michal Maj.

Editor's Note: After this article was published, CMS announced that it had advised the Trigea Real Estate Fund on the acquisition. The firm's team included Partner Malgorzata Madej-Balcerowska, Senior Associate Zaneta Baldowska, Associate Julia Resmer, and Lawyer Joanna Ostapiuk.

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CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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