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Echo Investment

CATEGORY
Retail Developer of the Year, Poland
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.
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 35 retail project, the most known are Galeria Echo in Kielce, Pasaż Grunwaldzki Wrocław, Galaxy Szczecin, Outlet Park Szczecin,
Value of the projects currently held by company (in EUR)
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Size of the projects currently held by company (GLA)
5 retail projects - 260 000 sqm under construction and preparation
Properties sold between October 2016 and September 2017
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Value of the projects sold between October 2016 and September 2017, in EUR
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Size of the projects sold between October 2016 and September 2017 (GLA)
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Projects completed between October 2016 and September 2017
A new, 3rd phase of the Outlet Park Szczecin, was opened in September 2017. After the extension, Outlet Park Szczecin has 120 stores, 1,200 parking lots and 3,000 sqm of additional retail space. The recent stage has been fully leased, with outlet stores by such brands as Guess, Solar, Bagatelle, Pierre Cardin and Home & Cook. At the opening day, Outlet Park’s clients has an opportunity to take part in special, opening-related events as well as to enjoy great shopping offers.
Value of the projects completed between October 2016 and September 2017, in EUR
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Size of the projects completed between October 2016 and September 2017 (GLA)
4500 sqm
Projects in progress
Libero Katowice - 45 000 sqm
Galeria Młociny - 82 000 sqm
Towarowa 22 - 111 000 sqm - retai, office and res (mixed).
Value of the projects in progress (in EUR)
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Size of the projects in progress (GLA)
204 000 sqm
Projects in the pipeline
Libero Katowice - 45 000 sqm
Galeria Młociny - 82 000 sqm
Please say why your company should be considered for the award
The company smoothly took over Warsaw’s Galeria Młociny, a mixed-use retail and office property with total GLA of 81,900 sqm. The shopping mall, now under construction, sees high interest from potential tenants and is already 56 % leased.
In the next few days, Echo will be celebrating the completion of extension of t Galaxy retail project being developed for EPP. Also we celebrated opening of new phase of Outlet Park Szczecin
Company website
www.echo.com.pl