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.




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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