Echo Investment has signed a final sale agreement for Brain Park C building. The latest phase of the Cracow-based office complex will be acquired by Greenstone Asset Management, a private equity and investment firm. The fully leased building provides 13,700 sqm of GLA and has an Excellent BREEAM rating.

Brain Park building C is part of a major office complex designed by Baumschlager Eberle Architekci Kraków studio. Centrally located next to Cracow's important transportation hubs it is well-connected with public transport. The fully leased offices in Brain Park C are home to such innovative companies as Volvo Tech Hub and EPAM Polska. Brain Park C utilizes multiple sustainability solutions and is partially powered by renewable energy.

– Among the most desired and best-connected business centres in Cracow, Brain Park has strong ESG credentials and an “Excellent” BREEAM rating. Its efficient workspaces appeal to the most demanding employers, while the wellbeing features respond to the needs of their staff. The transaction with Greenstone AM is a genuine proof that office developments in Polish regional cities remain attractive to renowned investors. The sale of Brain Park C will contribute to Echo Group's strategy of profitable growth aimed at new investments and our stakeholders' interests – said Judyta Sawicka, Head of Investment & Divestment of Echo Investment.

Greenstone Asset Management is a boutique private equity and investment management company based in Warsaw. Its experienced team operates tailor-made investment vehicles on behalf of institutions and individuals with a mission to create long-term value and high returns by effectively adding value to real estate projects. Since 2017 it has placed approx. 150 million EUR into Polish commercial properties so far located in Tricity area and Szczecin. The acquisition of Brain Park C will be the first Greenstone transaction in Cracow.

– Brain Park C perfectly fits our strategy of investing in modern, future-proof office buildings in Poland’s most dynamically developing regional cities. Its strong tenant mix, excellent connectivity and high sustainability standards make Brain Park C a stable investment, providing our investors with long-term, predictable returns. We are pleased that we have completed our first transaction in Krakow by acquiring such a high-quality property from Echo Investment – adds Stephane Chauvel, Partner and Member of the Board at Greenstone Asset Management.
– For Greenstone, Brain Park C is a core-plus transaction that strengthens our presence in the modern office segment while maintaining a conservative risk profile. The high occupancy rate and tenant profile provide a solid basis for further value growth of the building through active asset management and ESG initiatives. In practice, this means the ability to gradually improve the asset’s operational performance and attractiveness in the coming years – adds Marcin Gajewski, Partner and Member of the Board at Greenstone Asset Management.

Brain Park’s tenants and guests enjoy a green patio with rest areas featuring dining places, table tennis, chess tables, swings and an outdoor gym. In addition, it is equipped with a range number of amenities, including numerous parking spaces, EV charging stations, bicycle racks and locker rooms with showers. The WELL Health-Safety and WiredScore Platinum certifications confirm Brain Park’s top-class quality, technological sophistication and reliable digital connectivity.

In the transaction, the seller was supported by Colliers, with legal advisory services provided by the law firm A&O Shearman. The purchaser was advised by lawyers from the law firm Legal Kraft and the Trebbi team.