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First Browary Warszawskie building sold

Eurobuild CEE 18 April 2019

POLAND GLL Real Estate Partners has completed the acquisition of Biura przy Bramie, which is the first building of Echo Investment’s Browary Warszawskie mixed-use complex in Warsaw’s Wola district. The property was sold for EUR 76.8 mln.

The parties signed the preliminary deal in November 2018. The eleven floor buidling with 15,700 sqm gla was completed in December 2018. It is fully leased with the tenants that include L’Oréal Polska, WeWork, Epam Systems Poland, Sony Interactive Entertainment Polska and Hebe beauty store as well as a restaurant. ”We are happy that GLL Real Estate Partners and tenants value our strategy of creating destinations that are mixed-used parts in the city where people can live, work and have fun,” says Nicklas Lindberg, the CEO of Echo Investment.

Echo Investment is now developing two other office buildings within the complex – Villa Offices and Malthouse Offices. Browary Warszawskie is being developed on the site of a former brewery between ul. Grzybowska, ul. Wronia, ul. Chłodna and ul. Krochmalna. The project will comprise 110,000 sqm of usable space, including almost 600 apartments for sale, 450 apartments for rent, and the original cellars and brewery building, with a restaurant and entertainment zones.

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