Echo Investment builds in Mokotów

Developer Echo Investment has announced plans to start construction of an office complex in Warsaw's Mokotów district. The complex, called Park Postępu, will be located at the intersection of ul. Domaniewska and ul. Postępu, in the heart of what is one of city's most rapidly developing business areas.

"We expect interest in the project to be very large, both among international corporations and local firms," said Karol Klin, director of the office department at the Polish branch of CB Richard Ellis, the company responsible for the project's commercialization. "Park Postępu offers a very attractive location and its technology is of the highest quality," he added.

The design of the project has been prepared by the APA Wojciechowski architectural studio. Park Postępu will comprise four connected seven-storey buildings and will provide around 33,000 sqm of class-A office space as well as more than 800 parking spaces.

"We aim to make each of our projects a flagship of the firm and make sure they offer our occupants maximum comfort at work," said Rafał Mazurczak, Echo Investment's director of commercialization of offices and hotels.

Echo Investment has already signed a contract with Modzelewski & Rodek for the construction of the buildings' shell. Construction work on Park Postępu is expected to start this month and should be completed in 19 months. The complex will be available for use in Q3 2009.

Echo Investment is one of the largest Polish property investment and development companies. Up to now, Echo Investment has completed 79 projects in 28 cities, with a total of 650,000 sqm of space. By 2013, the company plans to complete 43 new investments. Since 1996, Echo Investment has been listed on the Warsaw Stock Exchange.