ARTICLES LABELLED WITH TAG Resi4Rent

News Echo-Archicom Group closes solid Q1 2023
25
May
2023

Echo-Archicom Group closes solid Q1 2023

by Property Forum
Preliminary agreement regarding the consolidation of Echo Investment's and Archicom’s residential business, high level of cash amounting to PLN 778 million, PLN 11.5 million in net profit which was mainly the result of the revaluation of Resi4Rent projects and handing over to customers nearly 300 apartments – this is a brief summary of Q1 2023 results of Echo-Archicom Group.
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News Echo-Archicom Group reports strong cash position
30
Mar
2023

Echo-Archicom Group reports strong cash position

by Property Forum
The Echo-Archicom Group closes the year 2022 with a strong cash position and further reduced the company's net debt. This is the result of selling seven office buildings worth nearly €320 million. In 2022, the Group generated a net profit of PLN 127 million attributable to shareholders of the parent company, which was mainly the outcome of handing over to customers 2,168 apartments for sale and rent built by Echo Investment and Archicom, as well as an increase in the value of office buildings and apartments for rent.
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News Resi4Rent delivers another investment in Warsaw
23
Mar
2023

Resi4Rent delivers another investment in Warsaw

by Property Forum
The new investment is a continuation of the Resi4Rent Warsaw Woronicza project. It is a 5-story building with 344 subscription apartments.
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News Resi4Rent gets €50 million from EBRD for PRS development
07
Dec
2022

Resi4Rent gets €50 million from EBRD for PRS development

by Property Forum
Resi4Rent has secured a €50 million loan from the European Bank for Reconstruction and Development (EBRD) for new investments in the institutional rental market in cities hosting refugees from Ukraine, the company said. This is the first EBRD financing for the institutional rental sector (PRS) in Poland.
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News Echo-Archicom Group reports PLN 125 million in net profit
29
Nov
2022

Echo-Archicom Group reports PLN 125 million in net profit

by Property Forum
Handing over 1,650 apartments for sale and rent to customers, maintaining 100% of the lease level in all completed Resi4Rent buildings, increasing the turnover of Libero in Katowice and Galeria Młociny in Warsaw – this is a summary of the Echo-Archicom Group's operating activities in three quarters of 2022. During this time, the Group generated PLN 125 million in net profit.
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News The PRS segment in Poland seems to be crisis-resistant
13
Oct
2022

The PRS segment in Poland seems to be crisis-resistant

by Michał Poręcki
Sławomir Imianowski, CEO of Resi4Rent talked to Property Forum about the development of the Polish PRS market, residential demand among Ukrainian refugees and the challenges related to surging materials and energy prices.
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News ING Bank Śląski loans Resi4Rent PLN 355 million
12
Jan
2022

ING Bank Śląski loans Resi4Rent PLN 355 million

by Property Forum
A lending transaction worth appr. €78.3 million (PLN 355 million) related to the refinancing of a residential portfolio is the first joint venture of Resi4Rent and ING Bank Śląski. 
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News Echo Investement gets into top 5 of Polish residential developers
29
Nov
2021

Echo Investement gets into top 5 of Polish residential developers

by Property Forum
Over PLN 70 million of net profit, increasing assets value, in particular in the residential sector, as well as decreased debt level – this is a brief summary of Q3 2021 results in Echo Investment Group. The group is satisfied with the pace of Resi4Rent development and a large landbank, that allows building ca. 15,000 apartments.
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News Poland's residential rental market is growing
16
Nov
2021

Poland's residential rental market is growing

by Property Forum
The third quarter of 2021 and the beginning of the next quarter is a period of historic changes in the Polish real estate market, which will not be without impact on consumers' housing plans, says Resi4Rent.
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News Echo pushes on with PRS and new office investments
23
Sep
2021

Echo pushes on with PRS and new office investments

by Property Forum
Echo Investment summarizes the first half of 2021, taking into account the results of the Archicom S.A. group for the first time. The first six months of 2021 brought the Group over PLN 47 million in net profit, which was mainly the result of handing over to customers 398 apartments built by Echo Investment, as well as 202 apartments of Archicom and an increase in the value of office buildings – in particular Malthouse Offices in Warsaw Breweries and Brain Park I in Cracow. Important item that influenced the results for the first half of the year and the second quarter was the profit on purchase price allocation of Archicom S.A. shares.
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Latest news


New leases

  • Salzgitter Mannesmann Acélkereskedelmi Kft. has signed another long-term lease agreement in the ZenGarden office building in Budapest. The redesigned workspace will take up over 500 sqm in the building.
  • The New Balance brand has expanded the space of its showroom in Galeria Warmińska in Olsztyn, Poland. The American brand's shop currently occupies an area of almost 200 sqm.
  • GLP has signed a contract with Victaulic, which has leased 7,500 sqm of space in the newest building of GLP Poznań Airport Logistics Centre at Poznań's Ławica airport.

New appointments

  • DLA Piper’s Prague office has appointed a Corporate partner with a focus on technology Tomáš Ščerba, Real Estate partner Michal Hink and Banking, Finance and Restructuring counsel Leo Javorek.
  • Following Magdalena Sekuła's resignation from the Supervisory Board of LPP, and the reduction of the number of Supervisory Board members below the statutory minimum, the Supervisory Board appointed Jagoda Piechocka as a Supervisory Board member.
  • Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.


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