Echo lays cornerstone for flagship Warsaw project

Warsaw Stock Exchange-listed developer Echo Investment has held a symbolic cornerstone-laying ceremony at the construction site of the Browary Warszawskie mixed-use project in the Polish capital. The flagship scheme of the company in Warsaw, Browary Warszawskie is being developed on the 4.4-hectare site of a former brewery located between ul. Grzybowska, ul. Wronia, ul. Chłodna and ul. Krochmalna in the Wola district of the city, and will include 50,000 sqm of office space, as well as retail and residential areas. The investment will involve the revitalization of a number of historic buildings (renovation work on the first of them – Willa Fabrykanta – has just finished), as well as the development of five new residential buildings and three new office buildings. Construction work on the first residential building has been underway for a few months now and has already reached the ground level. In July, Echo plans to start building the first of the three new office buildings in the complex, which will comprise 13,000 sqm of office space. The entire project, which was designed by the renowned JEMS Architekci architectural studio, is scheduled to be completed in 2020. Its value is estimated at more than PLN 500 million.