ARTICLES LABELLED WITH TAG Echo Investment

News Echo Investment publishes Q3 2017 results
29
Nov
2017

Echo Investment publishes Q3 2017 results

by Import Sys
In Q3 2017, Echo Investment posted a net profit of €12 million (PLN 50 million). The main contributors were: signing final sale agreements for 238 apartments, increase in the value of projects under construction, the sale price increase of the Q22 building, dividend from EPP as well as the compensation for the expansion of Outlet Park in Szczecin.
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News Echo Investment completes leasing of Szczecin mall
14
Nov
2017

Echo Investment completes leasing of Szczecin mall

by Import Sys
The leasing department of Echo Investment finalised the lease of the last unit just before the opening of an extended part of Galaxy in Szczecin. Echo Investment is responsible for the construction and lease of the facility for EPP which is the owner and manager of Galaxy.
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News €175 million loan secured for the construction of Galeria Młociny
20
Oct
2017

€175 million loan secured for the construction of Galeria Młociny

by Import Sys
Echo Investment and EPP (Echo Polska Properties) have concluded a loan agreement worth €175 million and a VAT loan of PLN 34 million with Bank Zachodni WBK S.A. as an agent as well as PKO Bank Polski S.A. and Bank Gospodarstwa Krajowego. The acquired funds will be used for the construction of Galeria Młociny in Warsaw. The loan was granted for the construction period and a five-year investment period.
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News Echo Investment secures €67.5 million loan for Katowice mall
11
Oct
2017

Echo Investment secures €67.5 million loan for Katowice mall

by Import Sys
Echo Investment has concluded a contract with Bank Zachodni WBK S.A. as an agent as well as Bank BGŻ BNP Paribas S.A. concerning a loan of over €67.5 million and a VAT loan of PLN 12 mln. The funds will be used for the construction of Galeria Libero in Katowice.
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News Echo Investment places another tranche of public bonds
25
Sep
2017

Echo Investment places another tranche of public bonds

by Import Sys
Investors needed less than two days to subscribe for all F-series public bonds issued by Echo Investment. The total value of the tranche amounted to PLN 125 million. The offer was oversubscribed, therefore the placed orders will be proportionally reduced, according to the terms of the issue.
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News Echo Investment increases development pipeline
12
Sep
2017

Echo Investment increases development pipeline

by Ákos Budai
By the end of H2 2017 space under construction by Echo Investment increased to over 1 million sqm, from 677,000 sqm at the end of 2016. According to its latest financial report, the company is moving forward with a number of residential, office and retail developments.
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News Echo Investment sells Wrocław office building
21
Jul
2017

Echo Investment sells Wrocław office building

by Ákos Budai
Warburg-HIH Invest Real Estate, a German based real estate investment manager, will acquire the Sagittarius Business House office scheme in Wrocław on behalf of an individual fund it manages for an institutional investor. The property is under construction and its completion is expected in Q1 2018.
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News Echo’s new Warsaw office project gets its first green light
22
Jun
2017

Echo’s new Warsaw office project gets its first green light

by Ákos Budai
Echo Investment has been granted a permit for the construction of the first office building which is part of the Browary Warszawskie project in the quarter of Grzybowska, Wronia, Chłodna and Krochmalna streets.
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News Echo Investment acquires loan for Wroclaw office project
20
Jun
2017

Echo Investment acquires loan for Wroclaw office project

by Ákos Budai
Echo Investment concluded a contract with the PKO BP bank concerning an investment loan of nearly €32 million and a VAT loan of PLN 6 million. The funds will be used for the execution of the Sagittarius Business House office project in Wrocław.
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News EPP finalises purchase of Galeria Młociny
06
Jun
2017

EPP finalises purchase of Galeria Młociny

by Ákos Budai
Echo Polska Properties (EPP) and Echo Investment have finalised the purchase of shares in the Galeria Młociny shopping centre in Warsaw, which is under construction. EPP is its majority shareholder (70%) and it will manage the completed asset whereas Echo Investment holds the remaining 30%, it is to finish the construction process and will be responsible for the commercialisation and marketing of the project.
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Latest news


New leases

  • Footwear brand Crocs is opening its first location in the North-East region in Palas, as well as in the upcoming Rivus project in Cluj-Napoca, both projects developed by Iulius.
  • WeNet, an online marketing company, has relocated its Gdańsk office to the multifunctional Garnizon complex, owned by the Hossa Investment Group. The organisation has taken up more than 450 square meters of office space in the GATO office building.
  • Perfume chain Douglas has signed a lease agreement for nearly 1,000 sqm of office and logistics space at CTPark Budapest Office Campus, which is located in the heart of the city.

New appointments

  • Avison Young has announced several promotions within its Poland operations. In the Valuation and Advisory department, Agnieszka Bogucka and Marta Marat have both been promoted to Senior Valuer. In the Investment Advisory department, Artur Czuba has been promoted to Director. The Office Agency department has promoted Filip Filipowicz to Senior Consultant. In the Technical Advisory department, Kamil Olechniewicz has been promoted to Senior Project Manager. Additionally, Renata Zielińska took the position of Senior Consultant in the Investment department.
  • Tryton Business House in Gdańsk will welcome a new tenant. Państwowe Gospodarstwo Wodne Wody Polskie will occupy 3,092 sqm of office space in the complex owned by Globalworth. Cushman & Wakefield represented the institution in the lease process.
  • G City Europe is strengthening its development competences. Piotr Myszka has joined the company, taking up the position of Head of Development.

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