Echo finds new funds

Ready by the end of 2014The finance raised – an investment loan of EUR 29 mln and a VAT loan of PLN 5 mln – is to be used to construct the two initial stages of A4 Business Park Katowice. “We hope that the office complex is the first step towards successful cooperation between our groups and we are hoping for more loans for our commercial projects,” explains Grzegorz Iwański, the director of Echo Investment’s funding department. A4 Business Park, which is being built on ul. Francuska near an A4 motorway exit, consists of three buildings. The first was completed in Q1. The seven-storey office building offers 9,000 sqm and has been fully leased to IBM IT. The second phase, which will involve the construction of a ten-storey building with an office area of app. 9,000 sqm and a multi-storey car park with 560 spaces, is currently in progress. The completion of the construction work is planned for Q4 2014, with the contractor of the shell being Remax Construct.