Echo Investment launches new project in Katowice

07
Jul
2016
News - Echo Investment launches new project in Katowice #development #Echo Investment #Katowice #Poland #retail

by Ákos Budai | Retail

Echo Investment has obtained a building permit for the construction of Galeria Libero, which is to be built on Kościuszki Street in the southern part of Katowice. The investor also concluded a contract with the city authorities concerning the road layout around the facility.


"We are starting the construction of Galeria Libero. Work related to the preparation of the building site and the demolition of existing facilities is to start in July. We have recently signed an agreement with authorities of Katowice, which will make it possible to redevelop the road layout. The new road solution will considerably streamline the traffic in this part of the city as well as provide easy access to the shopping centre. Most importantly the capacity of the crossroads will be increased. Additional lanes in each direction, a grade-separated crossing with Kościuszki Street for the vehicles going towards the city centre will considerable improve traffic parameters. We are also planning the construction of pavements and new cycle paths along the entire redeveloped area,’ says Mariusz Szatański, project manager in Echo Investment’s Shopping Centre Department.
 
Contracts have already been signed with Alma Market, Media Markt, Helios, Fabryka Formy, Food & Ball, Apteka Europejska and Lancerto.Advanced negotiations concerning sports-, education- and entertainment-related concepts are in progress. 

Galeria Libero is to be developed on ul. Tadeusza Kościuszki – one of the most important traffic routes in the city, on a plot with an area of 54,000 sqm. The facility will offer a retail and entertainment area of 42,000 sqm which will be located on three floors. Apart from shops and service outlets as well as some of the most important chains and a supermarket, the shopping centre will also include a very extensive entertainment and gastronomy offer which will consist of a 8-screen cinema, a snooker club, a play area for children, squash and badminton courts, restaurants offering access to a terrace.
 
The MOFO Architekci architectural studio is the author of the design of Galeria Libero.



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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