Echo Investment plans Poznan housing development

Kielce-based real estate developer Echo Investment (EI) is planning to build a housing estate in the Naramowice district of Poznan, at a cost of zl.500 million. The first stage of the 5-year project, estimated to cost some zl.9 million, will be launched before the end of the year. The estate is planned to house some 10,000 people. "We want to construct a small town. Buildings will occupy about 25 hectares of the 50 hectare site, while the rest will be covered with green," said Boguslaw Zagorec, head of Projekt Naramowice, the EI subsidiary set up to take charge of the project. The company already owns the land, but before it can begin work on the project it must wait for the city council to change the designation of the location. After getting the go-ahead, EI will announce a tender to choose a construction company. (Puls Biznesu, p.15) M.K.