Wing finalizes Echo Investment purchase transaction

Leading Hungarian real estate company Wing has completed the purchase of a 56 percent stake of shares of Echo Investment, the largest Polish developer listed on the Warsaw Stock Exchange.
“The purchase of the leading Polish developer on the market is a powerful step towards our international expansion. The Polish real estate market is the largest in Central and Eastern Europe, which provides opportunities for significant growth and development,” Noah Steinberg, President of Wing, said.
Since signing the preliminary contract, Wing has worked closely with Griffin Real Estate and expects Griffin to become a co-investor in Echo Investment in the coming months.
“Wing and Echo Investment will perfectly complement each other by creating a new regional leader,” Steinberg added.
(RetailNet)