Echo Investment sells Aquarius Business House – EuropaProperty

Echo Investment has closed the sale of the Aquarius Business House office building, which has been developed in the centre of Wroclaw, Poland.

The new owner of the building, which constitutes the first stage of the Aquarius Business House project, is the Spanish investor Azora Europe. The transaction price is €41.9 million. Echo Investment Property Management will be the facility manager of the building for the next five years. The office building is 98 percent leased.

Aquarius Business House is a modern office complex offering a number of the latest technological solutions, high-end information and communication technology links, security and access control systems, as well as a number of functions which support environmentally-friendly, efficient and economical management of energy and utilities.

Tenants which have signed leases in Aquarius Business House include: Tieto Poland, PwC, BNY Mellon, AXIT, Randstad, Lux Med, BOŚ Bank, Expander Advisors, Credit Agricole and Farmacja Plus.

The facility consists of two 7-storey buildings. The leasable office space of the whole facility amounts to 25,000 sqm. The first stage of the project was completed in November 2012. The completion of the second stage is planned for October 2013.