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The Warsaw Voice » Other » May 24, 2018
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Echo builds platform
May 24, 2018   
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Listed real estate developer Echo Investment will take a 30% stake in apartment rental platform Resi4Rent, operating as a joint venture between the developer and a fund managed by PIMCO, the daily Parkiet writes. Echo, which is building the flats for the platform, expects an IRR of over 20% from the investment, roughly in line with returns from typically commercial projects, CFO Maciej Drozd says as cited by the daily.
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