Echo Investment has concluded another contract concerning the refinancing of its projects. Echo and Helaba – Landesbank Hessen-Thüringen have signed a loan agreement worth over PLN 820 mln. The funds – an investment loan of EUR 185 mln – will be used to refinance Echo’s seven retail projects: Galeria Amber, Galeria Sudecka, Outlet Park Szczecin, Galeria Veneda, CH Echo and Galeria Olimpia in Bełchatów and CH Echo in Przemyśl.

“When defining our portfolio of medium-size shopping centres, we thought about a bank which would appreciate its diversification, stability and our experience on smaller retail markets. We were very pleased to find that the best offer and a guarantee of signing the loan agreement was offered by Helaba, which also confirmed the bank"s confidence in Echo as a developer and provided the stability of projects in the form of 7-year financing. We hope that it is the beginning of our long-term and fruitful cooperation,” says Grzegorz Iwański, director of Echo Investment"s Funding Department.