Echo Investment acquires Compass Offices

On August 25, real estate developer Echo Investment officially confirmed the acquisition of 100 percent of shares in serviced office space provider Compass Offices. The amount of the agreement is unknown. "Due to our dynamic growth in the office sector, we decided to acquire a partner who will allow us to build up a leading position, not only in the long-term contracts market, but also in the short-term segment," announced Nicklas Lindberg, the president of the management board of Echo Investment. "The potential of Echo Investment will also help us launch new locations in several cities, including Kraków and Łódź, as well as to extend our portfolio in Warsaw with Park Rozwoju, a modern complex in the Mokotów district – CitySpace,” commented Sebastian Rączkowski, the managing director of Compass Offices. The Polish branch of Compass Offices has been operating independently since May 2016, when it separated from its headquarters in Hong Kong.