Poland AFI buys out Echo's share of Office House

Investment & finance

05 September 2025

Opr./edited by AH

The building is BREEAM certified with a rating of Outstanding

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AFI and Echo Investment, the developers of the Towarowa22 project, have signed a deal under which AFI becomes the sole owner of the Office House office building. Echo Investment sold AFI its 30 pct stake in the building, which was valued for the purposes of the transaction at EUR 160.5 mln.

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Office House, at ul. Wronia 10, opened in May this year. The building is fully leased, and is BREEAM Outstanding certified. Powered by renewably-sourced energy and equipped with a triple-layer façade, heat recovery systems, and an intelligent BMS, the building minimises its energy consumption and its environmental impact. WELL Health & Safety, WiredScore, and SmartCore certifications have also been applied for.

The purchase of the remaining shares was a planned step and follows AFI's strategy of increasing its involvement in large, unique mixed-use projects. In the case of Office House, we have demonstrated our comprehensive expertise at AFI as a developer, investor, and manager.
Sebastian Kieć, CEO of AFI in Poland

We will use the funds from the transaction for further developments, including more office projects in Warsaw.
Rafał Mazurczak, COO at Echo Investment.

Office House has 32,000 sqm of space, enough for 3,000 office workers. Crowe and emagine, as well as a leading logistics company, have already moved in. More tenants are coming to the building, including a leading multimedia company. Restaurants are to open in the building, including Italian restaurant Splendido, Japanese restaurant Ato Ramen, The Brunchery, the Pearl Seafood Restaurant and Babajaga. The Change Studio fitness club is also open in the building.

Developed on the site of a former printing house in Warsaw's Wola district, Towarowa 22was designed as a superquarter. Eight urban quarters will gradually be filled with mixed-use facilities, public space, and streets with reduced traffic. AFI holds a 70 pct stake in this investment, while Echo holds the remaining 30 pct.

Currently, construction of the M7 Apartments is underway on the 6.5 ha site, along with preparations for the Gutenberg Apartments, branded by Archicom Collection from the Echo Group. A green area is also being developed around the Office House and the Polish Word House. As part of the next stage of the development, AFI and Echo Investment are planning a residential tower block of around 120m and an office block of around150m on the section of the plot closest to Rondo Daszyńskiego.