Echo Investment purchased former Browary Warszawskie

Award:

Investment Deal of the Year, CEE

Name of deal:

Echo Investment purchased former Browary Warszawskie

Value of the transaction (in EUR):

42


Yield:

-

Seller, plus brief information about the company:

BANCO FINANCIERO Y DE AHORROS


Consultancy which advised Seller:

-


Purchaser, plus brief information about the company:

Echo Investment


Consultancy which advised Purchaser:

-


Financing institution:

-

Why this deal should be considered for the award:












In July 2014, Echo Investment purchased from the Spanish BANCO FINANCIERO Y DE AHORROS, S.A. a plot of approx. 4.4h located in the centre of Warsaw, between Grzybowska, Wronia, Chłodna and Krochmalna streets, the area of the former Warsaw Brewery. The value of transaction is EUR 42 m it was financed with the Capital Group’s own capital. On the purchased land Echo Investment plans to complete in the rime frame of 5-7 years, development projects with the estimated total area of 100,000 sqm. In accordance with the Local Spatial Development Plan for the area the Company will build there an office complex with an additional residential part. Preliminary, estimated cost of the investment is approx. PLN 1 bn. The purchase of the Warsaw Brewery is a success of the entire organisation. The process was long and difficult – negotiations was a great challenge, especially that we had such a strong competition in the form of big, active and even aggressive investors.



Main Sponsor