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The Warsaw Voice » Other » January 26, 2018
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Echo selling properties
January 26, 2018   
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Listed real estate developer Echo Investment is now focused on selling its newly built properties as fast as possible rather than expanding its real estate portfolio, board member Rafal Mazurczak tells the daily Puls Biznesu.
Echo has already inked preliminary sales contracts or letters of intents to sell most of its objects currently under construction, thereby securing means for investments, Mazurczak adds.
In 2018, Echo is supposed to conclude sales deals of its two office buildings in the southern city of Wroclaw, as well as business complexes in the cities of Lodz and Krakow, while also eyeing selling the first building making up the much coveted office and residential complex Browary Warszawskie, according to Mazurczak.
Echo has already targeted a potential buyer and expects the commercialization level of Browary Warszawskie to hit 90% to mid-2018, he adds.
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