Echo Investment and Bank Zachodni WBK SA signed a loan agreement with a value of EUR 22.4 mln. The acquired funds will be used to carry out the first stage of Park Rozwoju – a modern A class office complex which is located on Konstruktorska street in Warsaw’s Mokotów district.

“The signing of the agreement is a mutual success because it is the first project financing agreement which has been concluded by our company with this respectable banking institution. Despite a long-term cooperation in other areas of the financial market, our companies had not cooperated on project financing before. The bank has chosen an office complex which has a very good location in the very centre of the Służewiec district, the delivery of which will confirm the experience and the good quality of the projects offered by Echo. I hope that the loan for Park Rozwoju is a start of a successful and long-term cooperation with regard to financing other property projects,” says Grzegorz Iwański, director of the Funding Department at Echo Investment. Park Rozwoju consists of two buildings and a restaurant which is located in the connector. The total area of the complex amounts to 32,000 sqm. The buildings will have a two-storey underground car park and a ground-level park offering a total of 740 spaces. The complex will include some leisure and recreation areas: a courtyard with a water cascade and a canteen, internal squares with comfortable benches, green roof terraces and an outdoor gym. Cyclists will be able to use a bicycle parking area with bike racks as well as changing rooms with showers. The office project of Echo Investment is being developed in the southern part of Mokotów at Konstruktorska street 10. The location provides quick and easy access to the Fryderyk Chopin airport and the city centre. The facility is surrounded by an excellently network of public transport – there are two tram terminals and one bus terminal nearby. The southern ring road of Warsaw and the Marynarska interchange provide easy access by car.
The architectural design of Park Rozwoju has been created in the JEMS Architekci architectural studio. At the design stage the office complex obtained a BREEAM certificate with a "very good" grade and the highest rating in this category in Poland – 67.83 pct. Park Rozwoju is being carried out in two stages. The first one is to finish in Q1 2014. The completion of the second one is planned for Q2 2015. In January earlier this year Schneider Electric Polska leased 7,000 sqm in Park Rozwoju. Approx. 700 people will be working in the new office of Schneider Electric Polska. www.parkrozwoju.com.pl