The total area of these planned project equals approximately 1,2 million m² and planned expenditures for their realization exceed 5 milliard PLN. (€1.2 billion) The company’s plans assume active development in all sectors of previous activity and consolidation of its position on Polish real property market.
In years 2010-2014 Echo plans to begin 15 office project of the total leasable area of approximately 260,000 m². In years 2010-2015 19 projects shall be handed over for use (the accomplishment of four of them - in Cracow, Szczecin, Poznan and Warsaw - is just coming to an end) of the total area of approximately 310,000 m². New office buildings shall be erected in Warsaw, Cracow, Poznan, Wrocław, Gdañsk, Szczecin, Łódź, Katowice and Kiev.
In 2010 realization of two office projects shall begin (Malta Office Park IIIrd phase in Poznan and Aurus Ist phase in Łódź) of the total leasable area equaling approximately 16,100 m². In that time four projects shall be handed over for use (Malta Office IInd phase, Park Postæpu in Warsaw, Avatar in Cracow and Oxygen in Szczecin) of the total area of approximately 41,600 m².
In the pipeline there is realization of Novotel hotel in Łódź for the Orbis Group (approximately 7,000 m².)The commencement of the construction is planned in 2010 and its conclusion – in 2012.
Until 2015 Echo plans to accomplish 13 commercial project of the area equaling approximately 415,000 m². Eleven of them shall be constructed in Poland: in Słupsk, Szczecin, Koszalin, Poznan, Łomża, Bełchatów, Wrocław, Kalisz, Jelenia Góra, Katowice and Kielce and two shall be erected abroad: in Budapest and in Brasov, Romania.
In years 2010-2013 the company plans to launch 25 residential projects containing 2,200 apartments of the total area of approximately 150,000 m² of usable-residential area and 229 plots for single-family houses of the area of 226,800 m². Projects shall be realized in Warsaw, Cracow, Poznan, Wrocław, Łódź and Kielce.
Already in 2010 the realization of 11 residential projects shall begin and the offer shall comprise almost 800 apartments (of the total area for sale of approximately 60,000 m²) and 130 plots with awarded building permits.
Echo plans purchase of plots for further projects. „All the time we analyze the market with respect to purchase of attractive land plots for realization of apartments, offices, hotels and commercial centers. We are interested in the best locations in towns of the population exceeding 50 thousand inhabitants. Within this year Echo plans to spends 100 million Polish zloty for extension of its bank of land" - said the president Piotr Gromniak.
The company intends to obtain financing of the above-mentioned plans first of all through target credits for its subsidiaries, from current and turnover credits and also through the program of issuance of bonds, which the company has been using since 2004. Echo also plans to sell two office projects and two commercial centers and devote the means obtained this way to finance its planned investment.

Source: ECHO Investment, Thursday 17 June 2010