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Penteris and Allen & Overy Advise on Sale of Empark Office Building

Penteris and Allen & Overy Advise on Sale of Empark Office Building

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Penteris has advised Immofinanz on its EUR 50 million sale of the Empark office building to Polish developer Echo Investment. Allen & Overy advised the buyer.

The Empark office building is located at the intersection of the Woloska, Domaniewska, and Postepu streets in Warsaw. The total area of the sold real estate is 46,147 square meters.

Immofinanz specializes in the management and development of retail and office properties in Western and Eastern Europe. The company’s property portfolio amounts to EUR 5.1 billion, covering 210 properties as of June 30, 2021.

Echo Investment is a Warsaw Stock Exchange-listed company, operating in the residential, retail, service, and office real estate markets.

The Penteris team was led by Managing Partner Agnieszka Pytlas and Associate Ewa Olszewska and included Senior Associate Sebastian Janicki, Junior Associates Wiktor Pekul and Aleksandra Oleszynska, and Assistant Martyna Zagrzejewska.

The Allen & Overy team was led by Counsel Piotr Przybylski and included Partner Michal Matera and Associate Krystyna Fatyga.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

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