WOOD Flash – Echo Investment: launches Resi4Rent platform
Yesterday (22 May), Echo Investment (Echo) presented the details of Resi4Rent, a platform that Echo has established in a partnership with PIMCO (a 70% shareholder in a JV). Echo estimates that, within three-to-five years, the platform could hold around 5,000-7,000 units, becoming the largest institutional landlord in Poland. Along with Towarowa 22 (the large, mixed-use hub in the booming Wola district in Warsaw, where Echo could build up to 180k sqm of retail, resi, office and hotel space by 2022-24E), Resi4Rent represents another attractive long-term driver for the investment case, in our view.Echo Investment is a real estate investment and development company based in Poland. Co.'s is engaged in operations in the real estate market, the design, construction and development of shopping and entertainment centers, hotels, office buildings, houses, blocks of flats and apartments. Co.'s operations are organized along three operating segments: Shopping and Entertaining Centers, Offices and Hotels and Residential. Co. also offers general contracting services for third party investors. Co. owns properties throughout Poland, including Szczecin, Poznan, Warsaw, Krakow and Kielce, among others, and abroad, including Ukraine, Romania and Hungary.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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