Poland Echo Investment residential sales up by 16 pct

With the acquisition of Archicom, the Echo Investment Group is now one of the largest apartment developers in Poland. At the end of the third quarter of 2021, the entire group had approximately 120 residential projects under construction and was preparing to deliver a total useable area of ​​1 mln sqm. In 2021 work began on 17 projects with almost 3,800 apartments placed on the market for sale or for rent through the company’s Resi4Rent platform. Throughout the year Archicom managed to bb 1,275 contracts with customers, 227 of which were sold in the fourth quarter.

Over the past five years, from a position of a company that sold about 300 apartments per year, our group has become one of the largest residential developers in Poland through a process of organic growth and through the purchase of Archicom, However, our ambitions do not end there. We want to take advantage of the favourable market conditions and win a growing share of the residential market while increasing our margins. We have been preparing for this. The residential land banks of both companies will allow for the construction of around 15,000 apartments over the coming years. We have the best experts, many years of experience, and an excellent brand. We are convinced that this over the coming quarters will translate into an increase in our scale and higher profitability for our projects.
Nicklas Lindberg, CEO of Echo Investment.