Echo Investment is the biggest Polish developer in the office, commercial and residential real estate sector.
The company is listed on the Warsaw Stock Exchange.
Echo Investment has completed over 250 projects with a total area of over 2,600,000 sqm located in an array of Polish cities. In 2015, Griffin, together with Oaktree and Pimco, conducted a transaction for the purchase of a majority stake in Echo Investment.
In 2016, an agreement between Echo Investment and Redefine was concluded. Redefine Properties acquired a majority of shares (75%) in Echo Prime Properties (now EPP), controlling all yielding commercial assets of Echo Investment, with a value of EUR 1bn.
The remaining 25% of shares remained with Echo Investment.
In late 2019 Wing, Hungary’s leading real estate company, together with Griffin and its affiliates, finalized the acquisition of a 56% stake in Echo Investment followed by the additional acquisition of its 10% stake via a public tender.
In August 2023, Archicom acquired Echo Investment’s residential business development projects, team, and land bank. With that, a demerger was made, after which Echo Investment prioritized commercial real estate, apartments for rent, student housing accommodation and mixed-use „destinations” projects. The value of the transaction was approximately PLN 830m.
Griffin Capital Partners remains a co-investor and co-manager, holding a 66% stake together with Wing.
