ARTICLES LABELLED WITH TAG echo-investment-prs
27
May
2021
May
2021
Very good start of the year for Echo Investment
The finalisation of the purchase of a controlling stake in Archicom, the sale of 463 apartments and handing over 154 apartments to clients, the start of leasing of two completed Resi4Rent projects in Warsaw, maintaining average leasing in all completed Resi4Rent buildings at the level exceeding 95%, as well as the sale of the Villa Offices building in Warsaw Brewery – this is a summary of Echo Investment's operating activities in the first quarter of 2021. During this time, the Group generated €5.46 million (PLN 24.5 million) of net profit.
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Latest news
- Eastnine doubles down on Warsaw with €300 million deal
- Speedwell breaks ground on new SME warehouse near Bucharest
- Hungary's Faedra Group makes its Polish debut in Warsaw
- Scope upgrades WING's outlook after 53% revenue surge
- What does the global real estate industry really think about Ukraine?
- Bucharest housing bounces back
- Financing has become more selective and rational
- Skanska sells Warsaw building for €159 million
- Strabag to buy large office complex in Gdańsk
- Scallier to open fully-leased Bolesławiec retail park in September
New leases
- 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.
- Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.
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.
