Echo Investment's React Office Building Sale to Summus Capital
Deal News | Dec 04, 2024 | CEE Legal Matters
Greenberg Traurig and Penteris have advised on the sale of the React office building in Lodz, Poland, by Echo Investment to Summus Capital from Estonia. Echo Investment is a prominent Polish real estate development company, listed on the Warsaw Stock Exchange since 1996. Summus Capital is a real estate investment holding group set on expanding its portfolio across the Baltic region. The transaction is contingent upon the City of Lodz not exercising its pre-emption rights. The React building, comprising 15,000 square meters of gross leasable area over seven floors, complements Summus Capital’s strategic positioning in the commercial real estate sector. Greenberg Traurig’s team included notable members such as Deputy Managing Partner Radomil Charzynski, showcasing their expertise in guiding such strategic real estate transactions.
Sectors
- Real Estate
- Legal Advisory
Geography
- Poland – Echo Investment is a Polish company, and the transaction involves a property located in Lodz, Poland.
- Estonia – Summus Capital, the purchasing entity in this transaction, is an Estonian investment group.
Industry
- Real Estate – The primary focus of the article is on the sale and acquisition of a commercial office building, which fits squarely into the Real Estate sector.
- Legal Advisory – This transaction involved legal advisory services, as denoted by the involvement of legal firms Greenberg Traurig and Penteris, demonstrating the relevance of this sector.
Financials
- 15,000 square meters – The gross leasable area of the React office building involved in the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Echo Investment | Selling Company | Company | A Polish real estate development company listed on the Warsaw Stock Exchange. |
| Summus Capital | Bidding Company | Company | An Estonian real estate investment holding group focused on commercial real estate in the Baltic region. |
| Greenberg Traurig | Legal Advisor | Company | Provided legal advice to Echo Investment for the sale transaction. |
| Penteris | Legal Advisor | Company | Provided legal advice to Summus Capital in the acquisition of the React office building. |
| Radomil Charzynski | Deputy Managing Partner | Person | Part of Greenberg Traurig's legal team advising on the transaction. |