Echo Investment and the Pekao SA bank have concluded a loan agreement with a value of PLN 29.9 mln. The acquired funds will be earmarked for the development of the next stage of the Małe Naramowice estate in Poznań.

"Poznań has a thriving residential market, where Echo Investment is perceived as one of the best developers. By signing another contract financing our project in Poznań, Pekao SA confirms its faith in this market and the quality of residential projects developed by Echo Investment," says Grzegorz Iwański, Director of the Funding Department in Echo Investment. The "Pod Klonami" residential complex developed in the capital of the Greater Poland Province is being built at the junction of Rubież and Czarnucha streets. "Pod Klonami" is another stage of the Małe Naramowice estate, which is a modern district integrated into the picturesque area of north-east Poznań. The Małe Naramowice estate is addressed to people who want to live in a quiet spot neighbouring some recreational areas. Its residents have easy access to excellent infrastructure including shops, service outlets, nurseries and schools. The "Pod Klonami" project offers 145 apartments in urban villas as well as 35 two-storey terraced houses with garages. More information is available at www.malenaramowice.pl