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.

With the acquisition of another 10.4 percent stake, Wing's stake in Echo Investment has increased to 66 percent, the Hungarian investor-developer announced.

Echo Investment has secured three standing and working first-generation shopping centres belonging to the Tesco Group. Altogether, around 240,000 sqm mixed-use area consisting of office, retail and residential space can be developed on plots located in Poznań, Łódź and Kraków.

With the payment transferred on 13 December, Wing has acquired a 100% stake in Lisala, which in turn owns a 56 % stake in ECHO Investment, a company listed on the Warsaw Stock Exchange (WSE). This acquisition makes Wing a major real estate firm at the regional level. Supporting Echo Investment’s long-term growth program, Wing enters as a strategic investor. At the operational level, the two companies will continue to operate independently.