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.




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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