DLA Piper advises KGAL Investment Management on closing an acquisition of three office buildings from Echo Investment for EUR56.4 mln

DLA Piper advises KGAL Investment Management on closing an acquisition of three office buildings in the Fuzja destination complex located in Łódź from Echo Investment. The value of the transaction was EUR56.4 mln. This is a third investment in KGAL's real estate portfolio on which DLA Piper Poland has advised over the past three years.

DLA Piper’s transactional team consisted of:

• Real estate: Jacek Giziński, Sylwia Czerwik, Paulina Galicka and Miłosz Dykacz;
• Financing: Bartłomiej Palusiak oraz Ewelina Paciorek;
• Tax: Sławomir Mikołajuk.

The transaction includes three buildings, offering tenants approximately 22,000 sqm with BREEAM certification. 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.