Echo goes shopping at Tesco

The existing shopping centres, which are all currently operating, are to be managed by Echo Investment until construction work can begin. Tesco’s offices and retail space in Kraków will remain open until they are relocated to a new building that is to be developed on the site. The projects in Poznań and Łódź will also remain open until all the permits have been granted and construction can begin. Echo Investment plans to create space for the stores on the sites with the new mixed-use projects. “Most space in Poland’s big cities is already highly developed and so land that has a clear legal status with good transport links that is either covered by a spatial development plan or set aside for a specified usage is in short supply. To acquire large, really attractive plots, we are now purchasing older generation shopping centres that are embedded within the city, with locations that can be used for new purposes,” explains Małgorzata Turek, Echo Investment&rsqu