“We are pleased to have completed this acquisition, which has given us the opportunity to be present on the Warsaw retail market. It is also important that the centre is located close to an important transportation hub, which is used by 40 thousand people on a daily basis, and serves a dynamically developing residential area” said EPP President Hadley Dean.
“Acquiring Galeria Młociny is a very important step to strengthen Echo’s position as the key developer in the commercial market. As a result of this transaction, our company is currently constructing or preparing investments totalling an area of 800,000 sq.m. That is 75% more than we held in the first quarter of last year” says Nicklas Lindberg. The Chairman of Echo Investment also underlines the fact that the Galeria Młociny acquisition, will allow echo Investment to further strengthen its position as a key-player amongst developers involved in the retail sector.