Echo Investment sells Nobilis office building to Catalyst Capital for EUR 44 mln

Nobilis Business House

Catalyst Capital, the European real estate investment and fund management firm, hasbought Nobilis Business House for EUR 44 mln. The building, located on Marii Skłodowskiej-Curie street in Wrocław, was completed in late 2016.

The building has been acquired by Catalyst Capital’s Catalyst Core Plus European Property Funda new €1 billion “evergreen” real estate fund. It has 16.900 sqm of GLA out of which 75% is leased to high-quality companies such as Onet Group, City Space, PPG Deco, Smith & Nephew and Synexus medical centre. Catalyst Capital has paid an initial EUR 36 mln and the payment of the outstanding amount is expected within 12 months when the fit-out works are completed and the remaining 25% of available space is leased. Significant part of vacant space is covered by letters of intentions with tenants, and remaining space is under advanced negotiations.

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