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ECHO INVESTMENT

CATEGORY
Office Developer of the Year, CEE
With 670,000 sqm delivered so far, office real estate constitutes a strong pillar of Echo Investment's business. In 2022, Echo delivered new office buildings with a total area of 104,000 sqm. Last year, it rented nearly 45,000 sqm, and its fit-out team handed over workspaces totaling more than 65,000 sqm for such clients as PepsiCo, CodeLab, 3M, PwC or Fujitsu. The total value of sale transactions in 2022 amounted to EUR 318 million, and 2023 started with the sale of Moje Miejsce II in Warsaw for another EUR 45 million. In 2023, Echo started the construction of the first office buildings within a multifunctional destination project at Towarowa Street in Warsaw. Echo Investment remains among the rental leaders in regional cities. In H1 2023, the company signed, among others, lease agreements covering nearly 10,000 sqm of space in the React building in Łódź (100% let). New or extended contracts were also signed in Katowice and Wrocław, e.g. with Deloitte, Medicover and ASB Poland.
Name of company
ECHO INVESTMENT
Name of President or Managing Director for CEE
Nicklas Lindberg
Profile of President or Managing Director for the CEE region
Appointed CEO in 2016. He's responsible for the strategy and development of the company. The launched Strategy of Profitable Growth transformed Echo Investment into a pure developer operating in seven major Polish cities, as well as the market leader in the residential, office, and retail sectors.
Portfolio of all completed properties currently held by your company
670,000 sqm office space delivered so far. Owned and in operation as of 30th of June 2023: • React I, Łódź, 15,000 SQM • Brain Park, Cracow, 29,700 SQM • City Forum, Wroclaw, 12,700 SQM
Value of the projects currently held by company (in EUR)
109000000
Size of the projects currently held by company (GLA)
57.000
Properties sold between July 2022 and June 2023
Completed transactions confirmed the unwavering interest of both investors and tenants in Echo Investment’s sustainable projects that combine office, services, and residential space: • Face2Face Business Campus in Katowice sold to Investika and Bud Holdings • Moje Miejsce II office building in Warsaw sold to Trigea Real Estate Fund
Value of the properties sold between July 2022 and June 2023 (in EUR)
145000000
Size of the properties sold between July 2022 and June 2023 (GLA)
64.000
Projects completed between July 2022 and June 2023
In 2022-2023, Echo Investment completed the construction of office buildings with a total area of 104,000 SQM, including MidPoint71 (Wrocław), React I (Łódź), two office buildings in Fuzja (Łódź), the 1st stage of the Brain Park complex (Cracow).
Value of the projects completed between July 2022 and June 2023 (in EUR)
62000000
Size of the projects completed between July 2022 and June 2023 (GLA)
104.000
Projects under construction
• Fuzja I01 & I03, Łódź, 9,400 SQM • Brain Park II, Cracow, 13,000 SQM • T22 Office B, Warsaw, 31,100 SQM
Value of the projects in progress (in EUR)
157000000
Size of the projects in progress (GLA)
53.000
Projects in the pipeline
• Wita Stwosza, Cracow, 26,600 SQM • Swobodna I-II, Wrocław 41,600 SQM
Company website
https://www.echo.com.pl/