Echo secures €61 million for shopping centre refinancing

02
Apr
2025
News - Echo secures €61 million for shopping centre refinancing #Bank Pekao #Echo Investment #Katowice #PKO Bank Polski #Poland #refinancing #retail #shopping centre #Silesia

by Property Forum | Investment

Echo Investment has secured refinancing worth €61.4 million for the Libero Katowice shopping center. The loan was granted by a consortium consisting of Bank Pekao S.A. and PKO Bank Polski S.A. The entire retail space at Libero is leased – the center features over 150 stores and service outlets.


In the transaction, Bank Pekao S.A. acted as the security agent, while PKO Bank Polski S.A. served as the loan agent. The new refinancing for Libero Katowice is one of the largest granted on the Polish real estate market in Q1 2025. The loan term is five years.

“The high rating of Libero by leading financial institutions reflects the strong position of our center in the local market. We’ve created a place that stands out with its attractive tenant mix and boasts a stable footfall rate and growing turnover. Libero is a well-performing asset in our portfolio – one that draws the attention of potential investors”, said Grzegorz Iwański, Director of Financing at Echo Investment.

Libero Katowice is located at 229 Kościuszki Street. In addition to shops, its 42,000 square meters of leasable space includes a popular food court, cinema, bowling alley, and fitness center.




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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