Echo Investments joins developers changing their strategies
"The administrative procedures of projects in Budapest and Brasov are going according to schedule. However, we shall decide whether to commence their [physical] execution only after receiving construction permits ... it might be the case that some residential projects might have to wait for better times," said company CEO Piotr Gromniak.
Echo is also interested in joint venture undertakings in relation to larger commercial projects in Poland. "This business model is successfully carried out, for instance, in Romania and I see no reason why it should not be the case in Poland. In this way we would have taken some risk of the partner...and then we would share the margin," said Gromniak.
Source: Puls Biznesu (M.M.)
Echo is also interested in joint venture undertakings in relation to larger commercial projects in Poland. "This business model is successfully carried out, for instance, in Romania and I see no reason why it should not be the case in Poland. In this way we would have taken some risk of the partner...and then we would share the margin," said Gromniak.
Source: Puls Biznesu (M.M.)
