Echo Investment to start new office project in Łódź

09
Dec
2019
News - Echo Investment to start new office project in Łódź #development #Echo Investment #Lodz #mixed-use #office #Poland

by Property Forum | Office

Echo Investment has received a building permit to start the first two office buildings at Fuzja. Thus, the developer has begun the next stage of the revitalization of the postindustrial part of Łódź. The developer, at the site of the former Karol Scheibler factory, will construct two office buildings with completion scheduled for 2020.


The construction of two office buildings will start in Q2 2020. In total, they will offer almost 20,000 sqm of space for rent - the first one over 9,000 sqm GLA, and the second one - over 10,000 sqm GLA. Both buildings will be ready to use in 2022.

As part of the Fuzja project, apartments, offices, and space for services, as well as shops and restaurants, will be built on an area of nearly 8 hectares. In the heart of this quarter, there will be a historic Art Nouveau power plant, which will soon gain a new glow and will be adapted to new functions. New city squares, shared spaces, and green areas will occupy almost 4 hectares, encouraging people to spend there their free time and relax. Fuzja residents and users will be able to take advantage of numerous amenities, including car-sharing services, bike paths, bicycle service stations, parcel collection points, and electric car charging stations.

Fuzja, due to its scale, is implemented in many stages. In the spring of 2019, construction of two apartment buildings began, followed by cleaning and revitalization of the square in front of the historic power plant and the renovation of its Art Nouveau facade.

Together with the first office buildings, Echo Investment will install service facilities at the square in front of the power plant, another residential construction, and a multi-story car park.




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New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • 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.

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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