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Completed

Trigea Real Estate Fund completed the acquisition of MidPoint71 from Echo Investment for $105m.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate developer

Single Bidder

Cross Border

Friendly

Real Estate

Completed

Private Equity

Majority

Real Estate Holding and Development

Poland

Private

Acquisition

Synopsis

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Trigea Real Estate Fund, a Czech fund, completed the acquisition of MidPoint71, a modern A-class office building in Wrocław, from Echo Investment, a commercial real estate property development company, for $105m. “Wrocław is one of the strongest markets among regional cities in Poland and enjoys unflagging interest from both tenants and investors. We are happy that we have concluded the first contract with Trigea Real Estate Fund and have completed this fantastic project together, which will be a turning point on the Wrocław office market. At the beginning of this year, we sold West 4 Business Hub I in Wrocław, and now we are glad that another of our projects in Wrocław has found a new, prestigious owner," Małgorzata Turek , Echo Investment Board Member.

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