Echo secures €33.6 million loan for Łódź office project

20
Nov
2020
News - Echo secures €33.6 million loan for Łódź office project #bank #Bank Pekao #Echo Investment #financing #loan #Lodz #office #Poland

by Property Forum | Office

Echo Investment has gained a loan for the construction of three office buildings included in the multifunctional Fuzja project in Łódź. Bank Pekao S.A. provided financing for the investment.


The main tenant of the two office buildings already in development is Fujitsu Poland Global Delivery Center – which is one of the world's largest providers of infrastructure and IT support. In accordance with the contract that has just been signed, Bank Pekao will grant Echo Investment nearly €34 million in construction and investment loans, as well as a PLN 10 million VAT loan. The total funding period concludes on January 31, 2026.

“The quick renting of the first two office buildings and the acquisition of such a valued tenant as Fujitsu confirm the business potential of Łódź and the attractiveness of Fuzja as a place for working, living and spending free time. We are working towards making the area a part of Łódź again. We are also happy that Bank Pekao believes in its success, and that through financial participation it supports us in creating a new part of the city and helps construct a perfect space for cooperation and undertaking everyday professional challenges,” says Grzegorz Iwański, Echo Investment financing director.

Bank Pekao has been a partner of Echo Investment for many years. It financed the company's development projects, including the construction of the Villa Offices and the Malthouse Offices in the Warsaw Brewery complex.




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