Eurohypo agrees €50m loan for Echo

Just weeks after Eurohypo’s announcement that it was leaving all the CEE markets besides Poland, Echo Investment has achieved a financing agreement with the bank for its 33,000 sqm Warsaw office scheme Park Postępu. To be handed out in five installments by September 2010, it will cover the construction costs of project where works began in January 2008.

Echo Investment president Piotr Gromniak says the deal could spell brighter days ahead for the property market.  “I hope that the agreement with Eurohypo may be interpreted as the beginning of a change of the unfavorable market tendencies. Apparently decisions concerning financing of good and secure projects may be taken without needless delay.”

Advertisements

One response to “Eurohypo agrees €50m loan for Echo

  1. Pingback: Echo Investment lands another loan « CIJ Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s