My Place (Office I) has been sold by Echo Investment8 Oct 2021
Avison Young represented the seller as the co-exclusive sales agent.
The office building Moje Miejsce I is part of the multifunctional "destination” project in Warsaw's Dolny Mokotów district. Echo Investment sold it for EUR 47.3 million to the institutional investor operating on the real estate market. The office building is almost fully leased to reputable tenants and has been awarded BREEAM environmental certificate with a Very Good rating.
The office building is part of the city-forming Moje Miejsce project designed by famous JEMS Architekci. Echo Investment has developed a multifunctional urban quarter that combines two office buildings, apartments, service outlets and well-designed public space. The office building that is the subject of transaction offers nearly 19,000 sqm of leasable space and its tenants include Havas Group, Mastercard, Hebe, Corteva, and CitySpace, among others.
The entire Moje Miejsce destination project is already fully operational and completed. Echo Investment has paid a lot of attention to the development of supplementary infrastructure and green areas. A total of nearly 120 trees were planted within the project and in public areas along the surrounding Dziekońskiego, Beethovena and Aignera Streets. The office part of the project uses energy-efficient and pro-ecological solutions and technologies that support sustainability, which is confirmed by BREEAM certificates.