Echo Investment is the biggest Polish developer in the office, commercial and residential real estate sector listed on the Warsaw Stock Exchange.
It has completed over 186 projects with a total area of over 1,800,000 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. Griffin Capital Partners remains a co-investor and co-manager, holding a 66% stake together with Wing.