International law firm CMS has advised Trigea Real Estate Fund, one of the fastest-growing Czech funds, on an over Euro 100m acquisition of MidPoint 71, an A-Class office building in Wrocław.
Trigea Real Estate Fund was established in 2019 and focuses mainly on commercial properties, especially office buildings and retail. The fund operates in the Czech Republic and Slovakia, and may soon enter other CEE regions. Recently completed by Echo Investment, MidPoint 71 obtained an occupancy permit earlier this year. Thanks to its modern design and great location, the project has already been more than 80% leased by such tenants as 3M GSC Poland, Pyszne.pl, PwC, CitySpace, CCC Group, and Electrolux Poland.
CMS Poland Real Estate Partner Malgozata Madej-Balcerowska comments: “We are delighted to have advised Trigea Real Estate Fund on this acquisition. MidPoint 71 holds the Excellent BREEAM Interim certificate and was built with attention to every detail. It’s definitely a landmark project on the Wrocław market,”
Tomas Trcka, CEO of Trigea Real Estate Fund, comments: “MidPoint71 was a love at first sight. We knew from the very beginning that this building shall be perfect fit to our portfolio. More likely cooperation with an experienced developer like Echo Investment is an excellent way to enter a new market.”
The transaction was led by Żaneta Bałdowska (Senior Associate), and Julia Resmer (Associate), with support from Joanna Ostapiuk (Lawyer). The project was supervised by Małgorzata Madej-Balcerowska, Partner in the Real Estate and Construction Department at CMS Poland.
