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17 January 20222 minute read

DLA Piper advises KGAL Investment Management on the preliminary purchase agreement for three office buildings from Echo Investment for EUR 56.4 mln

Jacek Giziński, Sylwia Czerwik, Sławomir Mikołajuk and Paulina Galicka from DLA Piper's Warsaw team advised KGAL Investment Management on securing the future acquisition of three office buildings in the Fuzja destination complex located in Łódź from Echo Investment.

The value of the transaction was EUR 56.4 mln. This is a third investment in KGAL's real estate portfolio on which DLA Piper Poland has advised over the past three years.

The transaction includes three buildings, offering tenants approximately 22,000 sqm with BREEAM certification. The project is scheduled for completion in the fourth quarter of 2022. The buildings are located in Fusion, a multifunctional complex which is being developed in Łódź on the premises of a former cotton factory.

KGAL is a leading independent investment and asset manager. The company focuses on long-term equity investments for institutional and private investors in real estate, infrastructure and aviation.