Echo Investment gets huge loan

Real estate developer Echo Investment has signed loans for €342 million (roughly PLN 1.47 billion) and 15 million in order to fund the development of the pasaż Grunwaldzki scheme and the expansion of Galaxy shopping mall located in Wrocław and Szczecin respectively. The loan, the highest in the property developer's history was signed with BZ WBK SA and Erste Group Bank AG. Both projects are key for the company which is why Echo has decided to get such huge loan, it pointed out.