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.




Latest news


New leases

  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.
  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


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