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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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