Polish developer Echo Group has strengthened its liquidity framework in the first quarter of 2026, capitalising on the divestment of fully leased commercial assets. The capital raised from these sales will directly fund the company's pipeline of new office developments in central Warsaw. At the end of Q1, Echo Group reported total assets of PLN 6.5 billion (€1.53 billion).
The company’s consolidated cash position closed the period at PLN 389 million (€91.8 million), driven by robust operational momentum across its core residential, living, and office segments.
One of Echo Group's key growth areas remains its residential and living business. In the first quarter of 2026, the Group sold 602 apartments, up 14% year on year, and handed over 730 units to customers. These results were driven by Archicom, which continues to expand its residential offering in Poland's cities.
In the living segment, the Group is approaching the closing of the largest transaction in the history of the Polish PRS market – the sale of approximately 5,300 Resi4rent rental units for more than PLN 2.4 billion (approximately €567 million). The transaction can now proceed following antitrust approval. During Q1, Studentspace also continued to expand, with projects currently under development in Warsaw delivering 1,095 student beds, of which 500 beds will be delivered in September this year.
"During the first months of the year, we continued to see growing demand for our living and office offering, which should have a positive impact on our results in the coming quarters," says Nicklas Lindberg, CEO of Echo Group. The Group is currently developing office buildings within the Towarowa22 project in Warsaw and Wita in Kraków. It also completed Swobodna Spot in Wrocław, delivering more than 16,000 sqm of workspace.
The development of new projects is financed through the disposal of assets. In the first quarter, the Group completed the sale of Brain Park A in Kraków for €34 million. Following the reporting period, it also finalised the sale of Brain Park B for €40.3 million, completing the disposal of the entire Brain Park complex. "Taking advantage of the continued interest of investors in commercial real estate, we completed transactions that confirm the quality of our assets," comments Maciej Drozd, CFO of Echo Group.
