Echo Investment S.A.

Nicklas Lindberg

Nicklas Lindberg is responsible for the strategy and development of Echo Investment. For 15 years he had been with Skanska where he worked as the President for Skanska Commercial Development Europe (CDE), Skanska’s business unit that develops properties in CEE, and the head of Skanska Property Poland, a unit within Skanska Commercial Development Europe. In the 2008- 2015 period he worked for Skanska Russia, as both CFO and CEO. Appointed CEO of Echo Investment on 18 April 2016.

• As a pure developer, Echo Investment holds no standing assets.
• Once office or retail buildings are completed and fully leased, Echo Investment sells them when they constitute an optimal investment product in order to invest the money generated in subsequent projects. Now, it is properties under construction that constitute the main part of the company’s assets.
• The project that was completed earlier this year and still belongs to the company’s portfolio is Moje Miejsce I in Warsaw – the largest office scheme opened in Q2 2019 in Poland. It is the first phase of destination project Moje Miejsce, whereas second office phase and residential part are to be delivered in 2020.

As a pure developer, Echo Investment currently own only one completed office building.

18,700 sqm

Echo Investment delivered 27 office buildings with a total area of 427,000 sqm GLA over the last 10 years which makes the company the leading developer in that sector.
• Aquarius, Wrocław – two class A office buildings with a total GLA of ca. 24,000 sqm.
• Malta Office Park, Poznań – 4 buildings with ca. 31,000 GLA.
• Oxygen, Szczecin – office project with around 14,000 sqm GLA.
• Park Postępu, Warsaw – the project with a leasable area of nearly 34,000 sqm consists of four office buildings and was designed by APA Wojciechowski design office in Warsaw.
• Tryton Business House, Gdańsk – the class A building designed by Arch-Deco design studio of Gdynia comprising over 22,000 sq. m of leasable area.
• A4 Business Park, Katowice, business park with a leasable area of ca. 45,000 square meters, designed by DDJM Biuro Architektoniczne design office, executed in three stages.
• O3 Business Complex, Cracow, modern class A office project with a leasable area in excess of 50,000 sqm.
• Park Rozwoju, Warsaw, project at Konstruktorska Street, office buildings, with a total leasable area of ca. 34,000 sqm;
• Q22, Warsaw, the construction of the high-rise office building with a leasable area of approx. 53,000 sq. m started in mid-2013.
• West Gate, Wrocław, an office building with a leasable area of approx. 16,000 sqm.
• Aquarius Business House, Wrocław (stage II) encompassing 9 300 sqm.
• Nobilis Business House, Wrocław - offering 16,900 sqm.
• West Link, Wrocław – office project of 14,400 sqm.
• Symetris Business Park, Łódź, offering 19,000 sqm of modern office space.
• Gatehouse Offices (part of Warsaw Brewery project) – the first building to complete the mission of Echo Investment to recreate the urban fabric in the quarter of Grzybowska, Wronia, Krochmalna and Chłodna streets. Gatehouse Offices consist of two parts – a step-like shaped 11-storey dominant and a 7-storey lower wing with a total area of 15,000 sqm.
• Moje Miejsce I, Warsaw – was completed in Q2 2019 and encompasses almost 18,000 sqm. of modern commercial space. In total, the whole project includes five small residential parts offering 244 apartments and two office buildings with 34,000 sqm.

c.a EUR 1.2 bl

Approx. 412,000 sqm.

- A4 Business Park in Katowice (2 phases),
- Astra Park in Kielce,
- Malta Office Park in Poznań,
- Oxygen in Szczecin,
- Park Rozwoju w Warszawie (2 phases),
- West Gate in Wrocław
- West Link in Wrocław,
- Sagittarius in Wrocław
- O3 Business Campus in Kraków (3 phases)
- Q22 in Warsaw,
- Gatehouse Offices in Warsaw Brewery complex,
- Tryton in Gdańsk,
- Symetris in Łódź (2 phases),
- Nobilis in Wrocław,
- Park Postępu in Warsaw,
- Babka Tower in Warsaw.

c.a. EUR 1.6 bl

Approx. 427,000 sqm.

• Villa Offices & Malthouse Offices (2nd and 3rd office building of Warsaw Brewery complex). Both buildings will offer 45,600sqm of modern office space. The whole Warsaw Brewery project encompasses 5 buildings with ca.100,000 sqm of residential, office and services space.
• Face 2 Face I & II, Katowice – 2 phases of the office complex in total offering 46,800 sqm. The first building is to be completed in Q4 2019 and its design was developed by Grupa 5 Architekci.
• Moje Miejsce II, Warsaw (16,400 sqm) – 2nd office building of the mixed-use project including 5 small residential parts offering 244 apartments, 2 office buildings with a total area of 34,000 sqm, commercial premises and numerous amenities.
• West 4 Business Hub I, Wrocław – 15,600 sqm – it is a part of a 4 stage project and is planned for use in the Q3 2020.
• React I, Łódź – the 1st construction phase of the React office complex with an area of 15,000 sqm started this spring. The enoffice complex will be approx.50,000 sqm.

c.a EUR 800 million (estimation)

Approx. 140,000 sqm.

o The company possesses over 252 700 sqm. of office space in the preparation phases in Gdańsk, Wrocław, Kraków, Łódz and Katowice. In its project pipeline, Echo Investment has two multifunctional, ‘destination’ projects – Fuzja & Towarowa 22: - Fuzja, Łódź: the project that is to bring back 7.7 ha to the city. It will encompass 90,000 sqm of residential, office and service space in total. Fuzja has an excellent location in a very central part of the city with walking distance to Piotrkowska St. - Towarowa 22, Warsaw: the project will create a new neighbourhood in Warsaw that combines the urban intensity of street walls and city blocks with the open air and recreation of an elevated park landscape.

The company has leased c.a. 500,000 sqm, of space plus ca. 200,000 of re-commercialisations. There are many reputable brands among our tenants, such as Deloitte, Havas Group, L’Oreal, Nokia, McKinsey, EY, BNY Mellon, IBM, PKP Cargo, Allegro, WeWork, Philips Lightening, Epam, Orlen, CitySpace, Linklaters, White&Case and many others.

c.a. 1 million sqm, vast majority has already been built up

Every office project delivered by Echo Investment is developed according to the highest international ecological standards. Buildings are BREEAM-certified and all are carefully assessed in a series of categories, ranging from energy to ecology. During the planning process, Echo Investment puts emphasis on low impact design and carbon emissions reduction; design durability and resilience; adaption to climate change; and ecological value and biodiversity protection. Currently the company is focused on developing multifunctional, ‘destination’ complex projects, new parts of cities attracting people to live in, work and spend their free time. It restores neglected parts of the cities and creates new green areas, meeting spots and cultural centers.

Net profit amounted to PLN 305 351 000 in 2018.

2009 –we signed the first loan agreement worth EUR 100M in real estate in Poland after start of the crisis - used to extend Galeria Echo
2011 –Galeria Echo wins MAPIC Award as 'Best Enlarged Retail Development of the Year in Europe'
2012 –opening of the 100th project–Aquarius Business House in Wrocław
2013 – start of construction of Q22, the biggest Echo project in its history
2014 –start of Public Programme of Bond Issuance for Individual Investors. So far the company successfully issued bonds worth PLN 635M
2015 –APIMCO and Oaktree with Polish-based Griffin Real Estate took over the majority stake of Echo’s shares
2016 –launch of Strategy of Profitable Growth
2016 –start of the first multifunctional project Warsaw Brewery
2017 –Echo enters the list of top 10 residential developers in Poland
2018 -opening of Libero in Katowice which was the company’s 150th project
2019 –opening of Galeria Młociny, the first retail project of Echo in Warsaw
2019 - Wing to buy a majority stake of Echo

Echo Investment effectively implements its strategy of profitable growth. We have focused on the largest cities in Poland, we sell investment projects successfully. Being the leader among retail and office developers we are dynamically growing in the residential sector. We established partnerships with EPP at the Galeria Młociny shopping mall and Towarowa 22 multifunctional project in Warsaw to be present on the strongest consumer market in Poland. We are also very pleased about the first destination projects that we started: large, city-forming, multifunctional piece of cities such as Warsaw Brewery and Moje Miejsce.We are the only Polish developer with great experience from 3 sectors of the real estate market: office, retail and residential, so we are uniquely positioned to create destination projects in Łódź, Kraków and Wrocław, where we already bought proper plots. The construction of such projects reflects how we understand responsibility for co-creating a friendly urban space.