Echo celebrates 2 million square meters

10
Aug
2021
News - Echo celebrates 2 million square meters #development #Echo Investment #Poland #residential

by Property Forum | Residential

The two-millionth square meter occurred in one of the apartments of Esencja Apartments in Poznań. The apartment was handed over at the end of July. During the 25 years of its existence, Echo Investment has built and delivered almost 200 projects in 37 Polish cities.


Echo Investment built its first million square meters only three years ago. It was located in Libero gallery in Katowice. The most well-known projects of the company include also the Q22 skyscraper, Galeria Młociny and a multifunctional 'destination' complex named Warsaw Brewery, the Nowa Dzielnica estate in Łódź, Galeria Libero in Katowice, the Malta Office Park complex and Małe Naramowice Rynek that is a award-winning estate in Poznań as well as Kościuszki Apartments and the Qubus hotel in Kraków.

"We are the only Polish developer with such extensive experience in all major real estate sectors. Now we take advantage of these competencies to design friendly, mixed-use urban quarters, that we call 'destinations'. Examples of such projects include Warsaw Brewery and Fuzja in Łódź, which combine office, retail and service as well as restaurant facilities with apartments, a city square and open green spaces. We are also constantly strengthening our position in the residential market, which we consider as prosperous and stable while maintaining diversification of our business," says Dawid Wrona, Residential Sales Director at Echo Investment.

The two-millionth sqm completed by Echo Investment fell on the Esencja Apartments in Poznań. Buyers received keys to this apartment at the end of July.

"I am glad that this special event took place during Echo Investment's 25th-anniversary celebrations and what’s more in Poznań, where we have been present since 2000. Here we have built the Ibis hotel, a great office complex and seven residential estates, including Pod Klonami, Kasztanowa Aleja, Nad Wartą that is a luxury apartment building and Osiedle Perspektywa. Among current projects, it is worth mentioning Esencja in Garbary that is our finished apartment building, a cosy estate named Nasze Jeżyce and Enter in Naramowice, where we used prefabricated elements in the construction of one of the phases. In June, the new project named Wieża Jeżyce, which respond to all current trends and customer needs, went on sale. The heart of this project will be a square under the former water tower, that we will revitalize and give a new function i.e. a prime meeting place for local residents," says Dawid Wrona.

At present, Echo Investment develops 17 projects with a total area of 240 thousand sqm. These include the Fuzja mixed-use project, the Boho and Zenit estates in Łódź, the MidPoint71 office building in Wrocław, Stacja Wola in Warsaw and the Bonarka Living estate in Cracow. For several years, the company has also been developing Resi4Rent residential projects based on apartments for rent. The company is the largest company in Poland that offers subscription apartments. Currently, it has over 1.4 thousand units under construction in Warsaw and Cracow.




Latest news


New leases

  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.
  • Lighting solutions provider Luxiona has secured 430 sqm of office space at the Warsaw-based Greenwings Offices complex. The site will serve as the company's Polish HQ and a dedicated showroom for its lighting range. Axi Immo represented the tenant in the transaction.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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