ARTICLES LABELLED WITH TAG Echo

28
Nov
2024

Echo Investment Group reports strong results after three quarters

by Property Forum

After nine months of this year, the Echo Investment Group has strengthened its position in key sectors of the Polish real estate market. It has also entered the private student housing segment, starting the construction of two projects. The total value of the Group's assets at the end of September amounted to PLN 6.6 billion (ca. €1.5 billion), while cash reserves exceeded PLN 469 million (ca. €107.5 million). In November, Echo signed a conditional sale agreement for the React office building in Łódź.

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10
Jun
2022

AFI buys 70% of Towarowa 22 project for €180 million

by Property Forum

EPP has finalised the sale of its 70% stake in the Towarowa 22 mixed-use project in Warsaw to AFI Europe. It is historically one of the largest land transactions in Poland in terms of value, with the total plot value exceeding €180 million.

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Latest news

New leases

The Irish Embassy in Poland will remain in its current location in the Liberty Corner building in Warsaw for the next ten years. It occupies 750 sqm of office space. JLL advised the tenant during the negotiations.
Arla Global Shared Services will move its local headquarters to the Punkt office building in Gdańsk. The company has leased nearly 10,000 sqm of space, to which it will move in early 2026.
Spanish clothing brand Zara, owned by Inditex, is closing its shop in the Wars Sawa Junior complex in Warsaw. Its place will be taken by Uniqlo, which has been operating in the facility as a pop-up store since 2021. The Japanese-origin clothing brand Uniqlo has so far been present in the complex in the form of a temporary shop of around 800 sqm. The space vacated by Zara has allowed the brand to occupy almost 1,800 sqm.

New appointments

Colliers has announced the appointment of Grzegorz Sielewicz as Head of the Economic and Market Analysis Department for Central and Eastern Europe (CEE). His role will cover Bulgaria, the Czech Republic, Hungary, Poland, Slovakia, and Romania.
Genesis Property has appointed Flavia Schoech as COO, tasked with leading the development and alignment of the operational strategy of the developer.
Beata Rodziewicz joins the Corees Polska team as Leasing Director. She will be responsible for the commercialisation of office buildings.

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