GLL fund buys Warsaw office from Echo for €76m

A fund managed by GLL Real Estate Partners has acquired the Gatehouse, the first office building of the Warsaw Brewery urban quarter development project, from local developer Echo Investment for €76.5 mln.

The newly completed building provides around 15,700 m2 of space and will be occupied from next year by L’Oréal Polska, Epam and WeWork.

'The Gatehouse is well leased, perfectly located and featured by a modern architectural design. We started its construction in the spring of last year and we quickly found renowned tenants,' said Rafal Mazurczak, board member of Echo Investment responsible for the office department.

Echo Investment recently began the construction of the next two office buildings within the Warsaw Brewery urban quarter project consisting of a mix of office, retail and residential accommodation.


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