Rymarz Zdort Maruta advised Echo Investment on the sale of 30% of the shares in the Warsaw office building Office House to AFI

We are pleased to announce that we have provided legal advisory services to Echo Investment S.A. (“Echo Investment”) in connection with the sale of a 30% stake in the Office House building to AFI Europe N.V. (“AFI”) for EUR 160.5 million. Under the signed agreement, AFI became the sole owner of the office building.

The Office House is the first stage of the Towarowa 22 project, providing not only office space, but also retail space and green areas. Located on a 6.5-hectare plot between Towarowa, Pańska and Miedziana streets, the nine-storey building offers 32,000 sqm of space.

Echo Investment S.A. is one of the largest real estate developers in Poland. The company invests in three main sectors of the real estate market: residential, retail and office development, focusing on the largest cities in Poland.

AFI is an international investor and developer operating in key cities in Central and Eastern Europe. Its diversified portfolio includes office, commercial and residential properties (including PRS) as well as multi-purpose projects.

The transaction team was led by partner Piotr Fedorowicz, head of the real estate practice. The transaction team included: Tomasz Karkowski (senior associate) and Rafał Ćwikliński (associate).

“We would like to thank Echo Investment for their trust and for the opportunity to advise on this project, and we wish them every success in their future transactions in the office segment. We congratulate AFI on the acquisition of this prestigious investment, and thank all of the advisors and parties involved in the process for their cooperation,” concludes Piotr Fedorowicz.