Greenberg Traurig Represented Echo Investment in connection with the Joint Venture with Signal Capital Partners and Griffin Capital Partners

WARSAW - 11 March 2024 - Greenberg Traurig represented Echo Investment in the signing of joint venture agreements with Signal Capital Partners, as the majority shareholder, and Griffin Capital Partners.

The joint venture will provide an investment platform for the development, construction and sale of modern student accommodation in major academic centers in Poland. The investors aim to develop a minimum of 5,000 student beds over the next 3 to 5 years. The first projects are expected to be launched in Warsaw and Krakow, with plans for opening in September 2025.

The transaction is subject to regulatory approvals.

The Greenberg Traurig team was co-led by Local PartnersKlaudia Królak and Kamil Majewski, who were supported by Senior Associate Agnieszka Gul-Czajkowska and Associate Jakub Gajzler. Partner Robert Gago and Senior Associate Filip Drgas provided advice related to competition aspects of the transaction.

Deputy Managing Partner Radomił Charzyński supervised all work on the transaction.

"Congratulations to Echo Investment on completing another investment in the local student housing sector, which has immense potential as the Polish student market is one of the largest in Europe. I believe this presents an excellent opportunity for the rapid development and expansion of the newly established platform, contributing to the evolution of the student housing sector in Poland", said Radomił Charzyński.

Echo Investment is a Polish property developer with investments in three sectors of the real estate market: residential, retail and office. The company has been listed on the WSE since 1996; it is part of the sWIG80 index.

Signal Capital Partners is a EUR 2.5 bn London-based private asset management firm focusing on European corporate and real estate special situations investments.

Greenberg Traurig LLP

Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2750 attorneys serving clients from 47 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year at the highly esteemed Euromoney Legal Media Group "Women in Business Law Awards 2021 Europe" and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Competition/Antitrust.

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