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Home Countries Poland

Echo Investment Divests Three Office Buildings in Poland

Sorina Dumitru by Sorina Dumitru
January 25, 2022
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On January 11, 2022, Echo Investment announced that they had signed a preliminary sale agreement for three office buildings in Fuzja Lodz.

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According to the company, the properties encompass 22,000 square meters and will be acquired by KGAL Group for over EUR 56.4 million. They are part of the mixed-use Fuzja project which will revitalize a post-industrial area of Lodz, with construction set for completion in 2022.

“We are happy that KGAL Group saw the value of Fuzja office buildings already during their construction. It is clear proof that investors and tenants appreciate our strategy of creating destinations, mix-used parts of the city where people can live, work and entertain. For many years this historic area was closed and inaccessible to the residents of Lodz. Now we are working to make it an integral part of Lodz again, meet the needs of its citizens and become a background for a sustainable, urban lifestyle,” said Echo Investment’s Management Board Member responsible for the investment department Małgorzata Turek.

The main tenant of the office complex will be Fujitsu Poland Global Delivery Centre, which will take up 16,300 square meters.

 

 

 

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Sorina Dumitru

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