Echo Investment secures €25 mln loan from BGŻ BNP Paribas

Real estate developer Echo Investment was granted with a €25 million loan (PLN 108 million) by a commercial lender BGŻ BNP Paribas, the company informed in a market filing. The loan acquired for the Symetris Business Park project is another stage of the cooperation between Echo Investment and BGŻ BNP Paribas, following the refinancing of A4 Business Park and West Gate in H1 2016. Formerly known as Aurus, the Symetris Business Park scheme will comprise two buildings in Łódź and a total of more than 19,000 sqm. Echo Investment is a property developer which manages approximately 400,000 sqm of space occupied by shopping centers, offices and housing buildings all over Poland. The company has been listed on the WSE since 1996.