Echo Investments sales ale flourishing in Poland

08
Jul
2021
News - Echo Investments sales ale flourishing in Poland #Echo Investment #Poland #residential #sales

by Property Forum | Residential

In the first half of 2021, Echo Investment sold 907 apartments in Poland, improving its sales by almost 40 pct on the same period last year.


Since the beginning of this year, the developer has handed over the keys to nearly 400 apartments to its clients. In total, in the first half of the year, the Echo-Archicom group sold 1,745 apartments, which brings it closer to achieving its sales target of over 3,000 apartments in 2021.

"Taking over a controlling stake in Archicom has already allowed us to accelerate our growth and over the long term provides us with a base for further, stable development. The land bank of the Echo-Archicom group gives us the potential to supply over 15,000 apartments for sale over the coming years, which doesn’t compare to anyone else on the market. Of these, 4,000 we are already starting this year. This is another step that brings us closer to achieving our strategic goal of becoming a nationwide leader in the sector. Additionally, taking into account that the market is very strong and pricing continues to increase, we feel positive about our Group's revenue growth from the residential sector"", says Nicklas Lindberg, CEO of Echo Investment.




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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