Wednesday, June 3, 2020
Home News Investment Market Echo Investment’s apartment sales and delivery results higher than planned

Echo Investment’s apartment sales and delivery results higher than planned

In 2017 Echo Investment sold 1427 apartments – 54 percent more than in 2016. The Company delivered 1006 apartments to clients, which indicates over 120 percent of growth. The 2017 results are higher than the previous declaration to the investors, when the company envisaged 1300 apartments to be sold and approximately 925 apartments delivered to clients.

Echo sold 531 apartments and delivered keys to 610 apartments in Q4 2017 alone. “We have been consistently executing the strategy of profitable growth and the sales results of apartments reflect the effects of our mobilization. In 2018 we are planning to continue growing in the residential sector, that’s why we constantly increase number of units on offer. We will start the construction of minimum 1100 apartments in seven projects in Warsaw, Kraków, Poznań, Wrocław and Łódź,” said Nicklas Lindberg, CEO of Echo Investment.

In Q4 2017 alone Echo Investment marketed seven projects including nearly 900 apartments. Three of these projects are under construction in Warsaw: another stage of Browary Warszawskie, the RE:SET project near the largest business districts and Widoki Mokotów overlooking Morskie Oko Park. Good reception of the developer’s projects places Echo Investment higher and higher on the list of the largest residential developers in Poland.

“As an experienced developer we are not only able to grow the scale of our operations but also to take good care of clients’ needs. We have been continuously analyzing the market and our conclusions translate into the quality of our projects. Our ambitious plans for 2018 are another step towards taking the dominant position in the residential sector,” said Waldemar Olbryk, member of Echo Investment’s board responsible for residential projects.

Most Popular

Romania’s “mall king” to develop EUR 2.9 billion development in Bucharest

Romania's Chamber of Commerce and Industry (CCIR) and Iulian Dascalu – one of the biggest real estate investors in Romania, will transform...

Adventum International acquires Centrum Orlat in Wroclaw

Adventum International, a Malta-based boutique investment fund manager, has acquired yet another property in Poland. This time it is a 17,000+ sqm...

October and November most significant months for the manufacturing sector

Reduced output in March & May in the automotive sector could change the typical activity curve in 2020, with busier summer months...

Cushman & Wakefield highlights 12 alternative BSS locations in Poland

Although the majority of modern office stock is concentrated in Poland’s largest metropolitan areas, companies are increasingly looking beyond the core markets...