Retail revamp for Echo's portfolio

Echo Investment has plans to develop a shopping and entertainment complex in Piotrków Trybunalski, located on ul. Generala Sikorskiego on the town's main road artery.

The investment will replace one of Echo's existing shopping centers, which has a total area of 18,200 sqm. The current center has been operating since 1999, and its main tenants are Carrefour and Nomi. The future complex will have a combined area of 80,000 sqm and 37,000 sqm of the new development will be leasable space. The new center will contain 120 stores, a multiplex, recreational and catering facilities, and parking for 1,200 cars.

"The size and plans of our new project resulted from its great location," said Marcin Materny, the development director of Echo Investment. "Its strategic location next to the A1 highway makes it a regional center, which could serve the 300,000 people that live within 30 minutes' drive from the shopping complex."

Materny said that the new center, apart from Piotrków Trybunalski, will have Tarnów and Jelenia Góra within its catchment area.

Construction works are scheduled to begin in 2007 and be completed in 2009. Currently, Echo Investment owns 19 shopping centers in Poland. It already plans to redevelop its shopping centers in Tarnów and Jelenia Góra as well as Galeria Echo in Kielce.