The biggest Polish developer in the office, commercial and residential real estate sectors listed on the Warsaw Stock Exchange.
Echo Investment has completed over 200 projects with a total area of over 2,000,000 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.
Griffin Capital Partners remains a co-investor and co-manager, holding a 66% stake together with Wing.