Echo Investment

Echo Investment SA is the biggest Polish developer which develops projects in three main sectors of the real estate market: residential, offices and shopping centres. Since 1996 the company has been quoted on Warsaw Stock Exchange. The company has completed over 130 projects with a total area in excess of 1,300,000 sqm in several dozen cities and towns in Poland. The company currently focuses on Warsaw and seven largest regional markets and on its development activity: in principle, shortly after the completion and lease of office buildings or shopping centre it is planning to sell them. The aim of the fast capital rotation is generating higher yields and annual dividend payments. Since 2015 the majority shareholder of Echo Investment is the PIMCO- Oaktree- Griffin Real Estate group, which is one of the most dynamic and active businesses in the real estate industry in Central and Eastern Europe.
Name of company Echo Investment
Name of President or Managing Director for Poland Nicklas Lindberg
President or Managing Director for Poland profile For last 15 years Nicklas Lindberg has been with Skanska where he worked as President for Skanska Commercial Development Europe (CDE), Skanska’s business unit that develops properties in Central and Eastern Europe and the head of Skanska Property Poland, a unit within Skanska Commercial Development Europe. Prior to that Mr. Lindberg had worked with Residential Development in the Nordics and for Skanska Russia as both CFO and CEO.
Short description of the company and team Echo Investment SA is the biggest Polish developer which develops projects in three main sectors of the real estate market: residential, offices and shopping centres. Since 1996 the company has been quoted on Warsaw Stock Exchange. The company has completed over 130 projects with a total area in excess of 1,300,000 sqm in several dozen cities and towns in Poland. The company currently focuses on Warsaw and seven largest regional markets and on its development activity: in principle, shortly after the completion and lease of office buildings or shopping centre it is planning to sell them. The aim of the fast capital rotation is generating higher yields and annual dividend payments. Since 2015 the majority shareholder of Echo Investment is the PIMCO- Oaktree- Griffin Real Estate group, which is one of the most dynamic and active businesses in the real estate industry in Central and Eastern Europe.
Portfolio of all completed properties currently held by your company The company has completed over 130 projects with a total area in excess of 1,300,000 sqm in several dozen cities and towns in Poland. Echo completed over 20 office projects of total size over 500 000 sqm.
Value of the projects currently held by company (in EUR) -
Size of the projects currently held by company (GLA) 403 000 sqm
Properties sold between October 2016 and September 2017 Grifiin Premium RE to buy West Link for EURO 36 mn. Transaction was pre-financed in June. GRRE has become a ROFO partner for 3 other offices in Warsaw.
German fund Warburgh HIH agreed to buy Sagittarius Business House (the price amounts EUR 73 mn)

Sale to EPP - Symetris II, O3 Business Campus II and III - Q4 targeted date of sale condictions fulfillment
Value of the properties sold between October 2016 and September 2017, in EUR Over EUR 100 mn
Size of the properties sold between October 2016 and September 2017 (GLA) 100000
Projects completed between October 2016 and September 2017 O3 Business Campus
Symetris Business Park
Nobilis Business House
Value of the projects completed between October 2016 and September 2017, in EUR -
Size of the projects completed between October 2016 and September 2017 (GLA) 45 000 sqm
Projects under construction O3 Business Campus
Symetris Business Park
Sagittarius Business House
West Link
Browary Warszawskie - office building J
Value of the projects in progress (in EUR) -
Size of the projects in progress (GLA) 101 000 sqm
Projects in the pipeline Beethovena Warszawa I & II
Grundmanna Katowice
Browary Warszawskie G, H, K
Łódź Piłsudskiego
Gdańsk Solidarności
Wrocław Powstańców
205 000 sqm
Please say why your company should be considered for the award Over the last few months, Echo signed preliminary sale agreements of two office buildings in Wrocław: West Link and Sagittarius. By the end of the year the company will complete three other office buildings: Symetris II in Łódź, O3 Business Campus II in Cracow and Nobilis in Wrocław, making them ready to be sold. The preliminary agreement to sell Symetris II and O3 Business Campus II is already signed with EPP.
Company website www.echo.com.pl
Name of company
Echo Investment
Name of President or Managing Director for Poland
Nicklas Lindberg
President or Managing Director for Poland profile
For last 15 years Nicklas Lindberg has been with Skanska where he worked as President for Skanska Commercial Development Europe (CDE), Skanska’s business unit that develops properties in Central and Eastern Europe and the head of Skanska Property Poland, a unit within Skanska Commercial Development Europe. Prior to that Mr. Lindberg had worked with Residential Development in the Nordics and for Skanska Russia as both CFO and CEO.
Short description of the company and team
Echo Investment SA is the biggest Polish developer which develops projects in three main sectors of the real estate market: residential, offices and shopping centres. Since 1996 the company has been quoted on Warsaw Stock Exchange. The company has completed over 130 projects with a total area in excess of 1,300,000 sqm in several dozen cities and towns in Poland. The company currently focuses on Warsaw and seven largest regional markets and on its development activity: in principle, shortly after the completion and lease of office buildings or shopping centre it is planning to sell them. The aim of the fast capital rotation is generating higher yields and annual dividend payments. Since 2015 the majority shareholder of Echo Investment is the PIMCO- Oaktree- Griffin Real Estate group, which is one of the most dynamic and active businesses in the real estate industry in Central and Eastern Europe.
Portfolio of all completed properties currently held by your company
The company has completed over 130 projects with a total area in excess of 1,300,000 sqm in several dozen cities and towns in Poland. Echo completed over 20 office projects of total size over 500 000 sqm.
Value of the projects currently held by company (in EUR)
-
Size of the projects currently held by company (GLA)
403 000 sqm
Properties sold between October 2016 and September 2017
Grifiin Premium RE to buy West Link for EURO 36 mn. Transaction was pre-financed in June. GRRE has become a ROFO partner for 3 other offices in Warsaw.
German fund Warburgh HIH agreed to buy Sagittarius Business House (the price amounts EUR 73 mn)

Sale to EPP - Symetris II, O3 Business Campus II and III - Q4 targeted date of sale condictions fulfillment
Value of the properties sold between October 2016 and September 2017, in EUR
Over EUR 100 mn
Size of the properties sold between October 2016 and September 2017 (GLA)
100000
Projects completed between October 2016 and September 2017
O3 Business Campus
Symetris Business Park
Nobilis Business House
Value of the projects completed between October 2016 and September 2017, in EUR
-
Size of the projects completed between October 2016 and September 2017 (GLA)
45 000 sqm
Projects under construction
O3 Business Campus
Symetris Business Park
Sagittarius Business House
West Link
Browary Warszawskie - office building J
Value of the projects in progress (in EUR)
-
Size of the projects in progress (GLA)
101 000 sqm
Projects in the pipeline
Beethovena Warszawa I & II
Grundmanna Katowice
Browary Warszawskie G, H, K
Łódź Piłsudskiego
Gdańsk Solidarności
Wrocław Powstańców
205 000 sqm
Please say why your company should be considered for the award
Over the last few months, Echo signed preliminary sale agreements of two office buildings in Wrocław: West Link and Sagittarius. By the end of the year the company will complete three other office buildings: Symetris II in Łódź, O3 Business Campus II in Cracow and Nobilis in Wrocław, making them ready to be sold. The preliminary agreement to sell Symetris II and O3 Business Campus II is already signed with EPP.
Company website
www.echo.com.pl

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