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

  • Golden Star Estate has secured lease agreements totalling around 2,400 sqm at Warsaw-based Oxygen Park. Puerta has joined as the operator of the SZAWA conference centre, occupying over 650 sqm of training and event space. Additionally, fish product manufacturer Vicziunai-Pol Spółka leased nearly 140 sqm. Existing tenants Parker Hannifin, Diasorin Poland, and Nieruchomości Plus all extended their stays, maintaining a combined footprint of over 1,550 sqm.
  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
  • Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.

New appointments

  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.


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