January 09, 2020

act BSWW advises Echo Investment on purchase of real estate in connection with development of office project in Wrocław

act BSWW advises Echo Investment on purchase of real estate in connection with development of office project in Wrocław

The construction of MidPoint71, Echo Investment’s office building in Wrocław, has kicked off. It is one of several of the developer’s projects in this city. The building, covering close to 37,000 sqm of modern office space, is located at Powstańców Śląskich Street.

After this year’s launch of West 4 Business Hub (office project), Echo Investment obtained a construction permit in respect of another office building, to be erected at Powstańców Śląskich 9 in Wrocław. Centrally located and elegantly designed, the MidPoint71 project offers a modern working place and well-thought-out common spaces.

The project will soon become a part of Wrocław’s landscape. It will feature a unique and striking facade covering the first 6 of the 14 floors of the building, as well as numerous terraces, adding further recreational spaces for tenants.

The building’s ground floor will feature services, a restaurant and convenient common spaces which may be used for casual meetings or breaks at work.

The building occupants, as well as Wrocław residents will be also able to enjoy attractive and carefully designed area surrounding the building.

act BSWW has advised on the purchase of land, where the MidPoint71 project is to be implemented, providing a full range of transaction-related services (including a due diligence audit of the land lot).

Michał Wielhorski (Managing Partner), supported by Mateusz Prokopiuk (Senior Associate) led the team handling the transaction.

“We are happy to work with Echo Investment on the MidPoint71 project, which is one of several land acquisitions by the Client we advised on, including the unique mixed-use project in Łodź called Fuzja, which is meant to return the buildings and area of the former Scheibler’s factory to Łódź residents,” said Michał Wielhorski.

The developer promotes the project under the slogan “Hit the point – MidPoint71,” relying on the building’s excellent location. “MidPoint” is a reference to city center, while “71” is taken from Wrocław’s city code to stress the spirit of Wrocław that the place is designed to embody.

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