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.




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New leases

  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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