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 Echo Investment

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Number of posts : 546
Registration date : 2007-06-20

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PostSubject: Echo Investment   Echo Investment Icon_minitimeMon Jun 25, 2007 12:45 pm

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Echo Investment is planning 38 new projects with a combined leasable and saleable area of 630,000 sqm and worth EUR 1.3 bln. The planned investments for the period between the summers of 2007 and 2011 will result in a 170 pct increase in Echo’s office portfolio and a 150 pct growth in its retail real estate. Echo is also looking to increase the number of apartments it sells annually by 300 pct - according to a press release from the company. The financing of these investments is to come through target credits for the subsidiaries, from current and turnover credits, and also through the issuing of bonds which the company has been using since 2004.
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