ARTICLES LABELLED WITH TAG Echo Investment

The first building of the Resi4Rent project, being part of the Warsaw Brewery, has obtained its occupancy permit. In the all-purpose part of Warsaw's Wola district, revitalized by Echo Investment, Resi4Rent has developed 450 apartments for long-term rent. The first tenants have been moving in.

Echo Investment has gained a building permit for the Bonarka Living residential estate in Kraków. The project is being developed in close proximity to the Bonarka City Center and an over two hectare nature reserve. The first apartments will be handed over to tenants at the turn of 2021 and 2022.

Echo Investment has gained a loan for the construction of the MidPoint71 office building, that is being built in Wrocław on Powstańców Śląskich street. PKO Bank Polski provided the financing of the project. In accordance with the signed loan agreement, the bank granted Echo Investment €54.4 million in a construction loan, as well as a PLN 7 million VAT loan. Once the construction is finished, the construction loan will be converted to an investment loan. The total funding period ends on 30 June 2026.

In Q1 2020, Echo Investment commissioned four housing projects and two office buildings, sold 399 apartments and handed over 190 to clients, started the rental process in the second Resi4Rent building in Wrocław and secured the purchase of attractive plots of land on which 4,000 apartments can be built. During this time, the Group’s next profit exceeded PLN 40 million.

Colliers International has taken over the management of Biura przy Willi, an office building which belongs to the Browary Warszawskie project developed by Echo Investment.

The COVID-19 crisis has accelerated the adaptation of technology on the residential market with developers across the region now offering digital solutions for prospective home-buyers. Waldemar Olbryk, Board Member responsible for the residential sector at Echo Investment shared his thoughts on the topic.

Colliers International has been appointed to manage the first stage of the Face2Face Business Campus in Katowice, which is being developed by Echo Investment. The commission brings the Silesian portfolio of Colliers’ property management department up to more than 40,000 sqm of office space.

Construction work on Villa Offices, the highest commercial building in Warsaw Brewery mixed-use complex, has been completed by developer Echo Investment. WeWork will soon open its headquarters in the new office building.

Echo Investment is introducing a new service for potential home buyers, Aurelia – a virtual customer assistant.

Nicklas Lindberg, CEO of Echo Investment, and Maciej Drozd, the company’s CFO, have bought over 1400 of the company’s bonds on the secondary market. The Management has confidence in Echo Investment and further development of the business consistent with the Strategy of Profitable Growth.