Echo Investment divests office asset in Krakow

Echo Investment has finalized the sale of Brain Park C, the latest phase of its office complex in Krakow, for €33 mln.

Brain Park C

The buyer is Greenstone Asset Management, a private equity and investment firm, that has so far placed €150 mln into Polish commercial properties located in Tricity area and Szczecin.
This fully leased building offers 13,700 m2 of GLA and holds an Excellent BREEAM rating. It is centrally located near key transportation hubs in Krakow, ensuring excellent public transport access. The office asset innovative companies like Volvo Tech Hub and EPAM Polska. The building incorporates numerous sustainability features, including partial reliance on renewable energy.
Amenities include dining areas, table tennis, chess tables, swings, and an outdoor gym. The complex also provides ample parking, EV charging stations, bicycle racks, and locker rooms with showers. Certifications include WELL Health-Safety and WiredScore Platinum.
Judyta Sawicka, head of Investment & Divestment of Echo Investment, said: “The transaction with Greenstone AM is a genuine proof that office developments in Polish regional cities remain attractive to renowned investors. The sale of Brain Park C will contribute to Echo Group's strategy of profitable growth aimed at new investments and our stakeholders' interests.”
Stephane Chauvel, partner and member of the Board at Greenstone Asset Management, commented: “Brain Park C perfectly fits our strategy of investing in modern, future-proof office buildings in Poland’s most dynamically developing regional cities. Its strong tenant mix, excellent connectivity and high sustainability standards make Brain Park C a stable investment, providing our investors with long-term, predictable returns.” 
Marcin Gajewski, partner and member of the Board at Greenstone Asset Management, added: “For Greenstone, Brain Park C is a core-plus transaction that strengthens our presence in the modern office segment while maintaining a conservative risk profile. The high occupancy rate and tenant profile provide a solid basis for further value growth of the building through active asset management and ESG initiatives. In practice, this means the ability to gradually improve the asset’s operational performance and attractiveness in the coming years.”
The seller was advised by Colliers and A&O Shearman, while Legal Kraft and the Trebbi team advised the buyer.