Echo Investment plans resi project in Warsaw

26
Nov
2020
News - Echo Investment plans resi project in Warsaw #development #Echo Investment #mixed-use #Poland #residential #Warsaw

by Property Forum | Residential

Echo Investment plans to deliver a 1,200-apartment residential project with retail components and social space in Warsaw’s Służewiec district. The plot on which the project will be built is the subject of a preliminary purchase agreement by Echo Investment from Immofinanz. Construction works could start in the middle of next year.


Echo Investment in cooperation with BBGK Architekci created a project that will introduce new functions to the business part of Mokotów: apartments, stores, service points and large social space. In place of two older office buildings and a large reserve of land, an estate will be built with about 1,200 apartments with green space for neighbourhood meetings, as well as paths for bicycles and pedestrians. The project will feature a public linear park along Wołoska Street that could go to Pole Mokotowskie in the future. The developer will also build a school for at least 250 children in the vicinity.

On the plot of about 4.7 ha there will be 7 buildings with about 1,200 thousand apartments for sale and one building with apartments for rent. The buildings will be surrounded by natural and varied greenery which in total will cover as much as 3 ha.

The school for at least 250 children of junior classes will be built by Echo Investment on the plot at Konstruktorska Street. It will be designed by WWAA studio.

Echo Investment's strategy is based on building all-purpose, urban-scale projects. The developer's such flagship projects are the almost finished Warsaw Brewery and Fuzja in Łódź, which is currently under construction.




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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