Polish listed property company Echo Investment is acquiring a former hotel premises in Warsaw for around EUR 31 mln for an office tower project.
Polish listed property company Echo Investment is acquiring a former hotel premises in Warsaw for around EUR 31 mln for an office tower project.
The vendor is Ravenna Warszawa.
Echo is buying an area of nearly 3,300 m2 which currently houses the former Mercure Chopin Warsaw hotel, which closed down earlier this month. The company plans to develop a modern 155-metre high office tower on the area. The investment cost for the project was not disclosed.
