2025 was a year of strong performance for Echo Group and disciplined execution of its strategy. The Group focused on expanding its living business, selling mature commercial assets, strengthening liquidity and developing new projects in Poland’s largest cities. At year-end, total assets amounted to PLN 6.6 billion, with a solid cash position of PLN 377 million.

The results were driven by high activity in the living segment, including the sale of more than 2,800 apartments under the Archicom brand and the continued growth of the Resi4Rent and StudentSpace platforms. Large-scale mixed-use, city-making projects remained a key growth engine.

“2025 was a period of increased activity, strong sales momentum and the launch of new ventures. We continue to develop our business in segments that respond to real market needs. At the same time, we recycle capital from mature assets and allocate it to projects with the highest growth potential. These funds support further development of the Group, while also contributing to debt reduction and dividend payments to our shareholders,” says Nicklas Lindberg, CEO of Echo Group.

Responding to housing demand

In 2025, Archicom – the leading residential developer within Echo Group – maintained strong sales momentum, with over 2,800 apartments sold, including a record 1,066 units in Q4. Resi4Rent strengthened its position as Poland’s PRS market leader, with a portfolio of approximately 7,500 completed units across 22 projects and more than 2,000 units under construction.

The Group is also expanding StudentSpace, its private student housing platform. In 2025, the first three projects in Kraków were completed. The platform responds to strong demand from both Polish and international students for high-quality living and learning spaces, further enhancing the attractiveness of the Group’s portfolio for investors in Poland.

Strong development and investment activity

In 2025, Echo Investment leased over 93,000 sqm of office space. The Office House building was completed, while new office projects advanced in Warsaw, Kraków and Wrocław. These include the AFI Tower skyscraper within the Towarowa22 mixed-use development, which will deliver approximately 55,000 sqm of office space. Echo also remains focused on further project development in Warsaw.

Investment market activity also returned. The Group completed several major transactions, including the ongoing sale of part of the Resi4Rent portfolio (over 5,300 units) valued at PLN 2.4 billion. It finalized the sale of shares in Office House valued at €160.5 million, sold the Brain Park C building in Kraków for approximately €33 million, and the City 2 office building in Wrocław for €31 million.

Retail and F&B remain an important part of the Group’s strategy, supporting the mixed-use “destination” model. A key milestone in 2025 was the completion of the sale of Libero Katowice for €103 million – the largest single retail asset transaction in Poland that year.

Key ESG initiatives

Echo continues to develop its business in line with sustainable development principles. The Group completed a full carbon footprint calculation for 2025, which will serve as a basis for further energy transition. At the end of 2025, the portfolio included 10 buildings aligned with the EU Taxonomy, including two new ones within the Towarowa22 project. These incorporate solutions to reduce energy and water consumption, support waste segregation and enhance public space.

As part of the Modern Mokotów development, a primary school for 450 pupils was delivered, equipped with photovoltaic panels and a grey water recovery system. It is the first educational facility in Poland developed in cooperation between a local government and a private investor.

In 2025, no fatal accidents were recorded on the Group’s construction sites, reflecting regular audits and training. Echo also maintains a balanced management structure, with women representing 47% and men 53% of senior leadership.

“We consistently develop our projects in a responsible way, combining business objectives with care for the environment and local communities. This approach strengthens the long-term value of our portfolio and the resilience of the entire organization. In 2025, amid high operational activity and the execution of key transactions, it also supported asset quality and provided a solid foundation for further growth,” says Maciej Drozd, CFO at Echo Group.

In 2026, Echo will celebrate its 30th anniversary. It is a moment for reflection, but above all for looking ahead. The Group enters its anniversary year with a clearly defined direction, combining three decades of experience with plans that respond to evolving market needs.