Acquisition of a controlling stake in Archicom by Echo Investment
Echo Investment has achieved its strategic goal of becoming a nationwide leader in the residential sector. In April 2021 the developer finalized the acquisition of a majority stake in the Wrocław-based company Archicom, thus becoming the largest residential developer in Poland as the Echo-Archicom group.
After obtaining the consent of the antimonopoly office, Echo Investment concluded the agreement for purchase of a 66% stake in Wrocław-based Archicom. The Echo-Archicom group is the largest developer building apartments for sale and rent in Poland. Only in 2021 it started the construction of 7,000 units in major Polish cities. In total, the group's land bank enables the construction of over 15,000 apartments for sale in the coming years.
| Seller, plus brief information about the company |
Archicom has been operating mainly on the Lower Silesian market since 1986, and since 2016 it has been listed on the Warsaw Stock Exchange. It grew out of a family design office with 160 completed investments, including the revitalized Browary Wrocławskie complex, the multi-award-winning Olimpia Port estate, as well as the first exclusive Platinum Lofts in Wrocław. Archicom is a strong, recognizable brand with almost a 15% share in the Wrocław residential market. Both companies will operate under a common strategy and in one capital group. The combination of the forces of both companies strengthens the group’s position of the strongest developer with the greatest potential in Wrocław. |
| Purchaser, plus brief information about the company |
Echo Investment is the largest Polish developer, the only one on the market with extensive experience in three sectors of the real estate market: residential, retail, service and office. As a company responsible for urban development, Echo Investment is involved in large city-creating projects combining various functions, such as Warsaw Brewery or Fuzja in Łódź. The company creates places where people can work, live, play, and satisfy their everyday life needs.
Since 2019, Hungarian Wing IHC Zrt and partners of Griffin Capital Partners are the main shareholders of Echo Investment S.A.
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Seller, plus brief information about the company
Archicom has been operating mainly on the Lower Silesian market since 1986, and since 2016 it has been listed on the Warsaw Stock Exchange. It grew out of a family design office with 160 completed investments, including the revitalized Browary Wrocławskie complex, the multi-award-winning Olimpia Port estate, as well as the first exclusive Platinum Lofts in Wrocław. Archicom is a strong, recognizable brand with almost a 15% share in the Wrocław residential market. Both companies will operate under a common strategy and in one capital group. The combination of the forces of both companies strengthens the group’s position of the strongest developer with the greatest potential in Wrocław.
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Purchaser, plus brief information about the company
Echo Investment is the largest Polish developer, the only one on the market with extensive experience in three sectors of the real estate market: residential, retail, service and office. As a company responsible for urban development, Echo Investment is involved in large city-creating projects combining various functions, such as Warsaw Brewery or Fuzja in Łódź. The company creates places where people can work, live, play, and satisfy their everyday life needs.
Since 2019, Hungarian Wing IHC Zrt and partners of Griffin Capital Partners are the main shareholders of Echo Investment S.A.
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