Echo Investment’s sales and delivery results higher than planned - Echo Investment

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04-01-2018 09:04

Echo Investment’s sales and delivery results higher than planned

In 2017 Echo Investment sold 1.427 apartments – 54% more than in 2016. The Company delivered 1.006 apartments to clients, what indicates over 120% of growth. The 2017 results are higher than the previous declaration to the investors, when the company envisaged 1,300 apartments sold and app. 925 apartments delivered to clients.

Echo sold 531 apartments and delivered keys to 610 apartments in Q4 2017 alone. “We have been consistently executing the strategy of profitable growth and the sales results of apartments reflect the effects of our mobilization. In 2018 we are planning to continue growing in the residential sector, that’s why we constantly increase number of units in offer. We will start the construction of minimum 1,100 apartments in seven projects in Warsaw, Kraków, Poznań, Wrocław and Łódź,” says Nicklas Lindberg, CEO of Echo Investment.

In Q4 2017 alone Echo Investment marketed 7 projects including nearly 900 apartments. Three of these projects are under construction in Warsaw: another stage of Browary Warszawskie, the RE:SET project near the largest business districts and Widoki Mokotów overlooking the Morskie Oko Park. Good reception of the developer’s projects places Echo Investment higher and higher on the list of the largest residential developers in Poland.

“As an experienced developer we are not only able to grow the scale of our operations but also to take good care of clients’ needs. We have been continuously analyzing the market and our conclusions translate into the quality of our projects. Our ambitious plans for 2018 are another step towards taking the dominant position in the residential sector,” says Waldemar Olbryk, member of Echo Investment’s board responsible for residential projects.