Echo Investment to launch $400 million worth of projects

The company says it will have no problem financing such a portfolio, although banks are hesitant to provide financing for the zł.40 million hotel the company wants to build in Kraków. However, the core of Echo's activity is the development of retail and office space. Its subsidiary, Projekt S, recently acquired an attractive plot of land in Warsaw's Grochów district. Last year Echo Investment recorded a consolidated net profit of zł.28.4 million on revenues of zł.312.2 million, up over 30% on the previous year. (Puls Biznesu, p. 7) T.J.