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.