Key Takeaways
- • Trigea Real Estate Fund, described as the fastest-growing Czech fund, acquired the MidPoint71 office building in Wrocław, Poland from Echo Investment for over EUR 100 million (EUR 105 million transaction volume, per Colliers).
- • MidPoint71 is a modern A-Class office building with approximately 36,000 sq m of GLA, reported to be leased more than 80% to tenants including 3M GSC Poland, Pyszne.pl, PwC, CitySpace, CCC Group and Electrolux Poland.
- • The building holds an Excellent BREEAM Interim certificate and includes energy, water and waste-management eco features.
- • Colliers advised the seller alongside Greenberg Traurig and Baker McKenzie, while Cushman & Wakefield, CMS, Sentient and ASB Group advised the buyer side.
- • Trigea invests exclusively in Czech commercial real estate and is marketed to investors with a targeted return of 5–7% per annum.
Summary
Trigea Real Estate Fund, which Colliers describes as the fastest-growing Czech fund, has acquired MidPoint71, an A-Class office building in Wrocław, western Poland, from developer Echo Investment. Colliers, which advised the seller, reported the transaction volume at EUR 105 million, with the sale price described as over EUR 100 million. The building offers roughly 36,000 sq m of gross leasable area.
According to Colliers, MidPoint71 was designed by Medusa architects with environmental and employee-experience considerations in mind. The asset has obtained an Excellent BREEAM Interim certificate and features eco solutions for energy and water savings and waste management, along with RCI Active Pure air purification technology. The building is leased above 80% to tenants including 3M GSC Poland, Pyszne.pl, PwC, CitySpace, CCC Group and Electrolux Poland.
The deal was advised on the sell side by Greenberg Traurig, Baker McKenzie and Colliers, and on the buy side by Cushman & Wakefield, CMS, Sentient and ASB Group. CMS separately described the transaction as an acquisition of over EUR 100 million. Echo Investment has also sold other Polish office assets in the same period, including four office buildings for EUR 157 million, according to supplementary coverage.
Trigea, a Czech real estate fund established in 2019, invests exclusively in commercial property, which it positions as offering higher yields than residential assets on the Czech market. The fund's marketing materials cite a return target of 5–7% per annum. Its recent activity has also included retail park acquisitions in Olomouc and Ostrava.
According to Colliers, MidPoint71 was designed by Medusa architects with environmental and employee-experience considerations in mind. The asset has obtained an Excellent BREEAM Interim certificate and features eco solutions for energy and water savings and waste management, along with RCI Active Pure air purification technology. The building is leased above 80% to tenants including 3M GSC Poland, Pyszne.pl, PwC, CitySpace, CCC Group and Electrolux Poland.
The deal was advised on the sell side by Greenberg Traurig, Baker McKenzie and Colliers, and on the buy side by Cushman & Wakefield, CMS, Sentient and ASB Group. CMS separately described the transaction as an acquisition of over EUR 100 million. Echo Investment has also sold other Polish office assets in the same period, including four office buildings for EUR 157 million, according to supplementary coverage.
Trigea, a Czech real estate fund established in 2019, invests exclusively in commercial property, which it positions as offering higher yields than residential assets on the Czech market. The fund's marketing materials cite a return target of 5–7% per annum. Its recent activity has also included retail park acquisitions in Olomouc and Ostrava.
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