briefs
A profitable year for Echo
Kielce based developer Echo Investment announced that it netted over PLN
11.7 mln in 2001, with gross profit exceeding PLN 15.9 mln. Echo Investment's holding
company generated a net profit of over PLN 20.3 mln (over PLN 29.8 mln gross).
One of Echo Investment's biggest projects currently underway is the Galaxy retail and
entertainment centre in Szczecin.
Aareal Bank floats on the stock exchange
Shares in the German based Aareal Bank, a real estate financier, were
recently quoted for the first time on the Frankfurt stock exchange. Aareal Bank,
previously DePfa Bank, operates in Poland.
PLN 5.5 mln available for purchase of land
under ul. Siekierkowska
Warsaw Centrum Borough authorities have allocated PLN 5.5 mln to the
Wawer district for the purchase of land and some properties located under ul.
Siekierkowska. The land will be used to widen ul. Wał Miedzeszyński.
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