Echo Investment signs preliminary agreement to sell Q22

Echo Investment has signed a preliminary agreement to sell the Q22 office tower project in Warsaw. The price will be determined on the date of the final agreement, Echo announced. The buyer is the company IREEF – Strykow Propco.

The final agreement will be signed after fulfillment of the conditions precedent, but no later than June 2017 “or another date agreed upon in writing between the seller and the buyer.” In the event that all conditions precedent are fulfilled by November 25, the signing of the final agreement will take place on December 6, 2016.

The 38-storey office tower opened just two weeks ago. It will house the headquarters of Deloitte, Allegro, and several major law firms and R&D centers, among other tenants.

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