PL

Echo and the moneymen

Investment & finance
POLAND Echo Investment has obtained a EUR 165 mln plus a PLN 14 mln loan (over PLN 700 mln in total) from UK bank HSBC and HSBC Bank Polska.
“This is the largest loan transaction in Echo Investment’s history. We are the first Polish company to sign a credit agreement with HSBC for this much money in the commercial real estate sector. I am extremely pleased with our new financial partner and I hope that we will have the chance to work with HSBC on other Echo Investment projects,” said Grzegorz Iwański, the director of the finance department of Echo Investment.

The funds will go towards the refinancing of the Galeria Echo shopping centre in Kielce, as well as financing of the first stage of Opolska Business Park in Kraków and Tryton Business House in Gdańsk.

Galeria Echo comprises 250 stores located on 159,000 sqm of gross building area and a car park with 2,300 spaces.

Opolska Business Park is to be located at the junction of ul. Opolska and al. 29 Listopada. It will comprise three twelve-storey buildings with 57,000 sqm of office space in total. The first of three stages – an 18,000 sqm building – should be completed in Q4 2015.

Tryton Business House, which is being built at the junction of ul. Jana z Kolna and ul. Wały Piastowskie, will comprise 22,000 sqm of gross building area.

“Our participation in this transaction reflects the engagement of HSBC in the development of its business in the corporate banking segment in Poland and our plans to build a strong position for the bank in the area of real estate financing on key European markets,” said Michał Mrożek, the president of the board of HSBC Bank Polska.

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schedule 14 November 2020
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schedule 19 November 2020
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schedule 23 November 2020

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schedule 20 November 2020

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schedule 20 November 2020

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schedule 17 November 2020

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schedule 12 November 2020

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schedule 12 November 2020

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schedule 10 November 2020

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schedule 10 November 2020

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schedule 09 November 2020

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schedule 09 November 2020

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schedule 09 November 2020

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schedule 05 November 2020

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schedule 05 November 2020

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schedule 03 November 2020

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schedule 03 November 2020

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schedule 03 November 2020

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schedule 02 November 2020

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schedule 02 November 2020

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schedule 02 November 2020

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schedule 30 October 2020

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