Press Release

White & Case Advises Echo Investment on Financing Transactions

Global law firm White & Case LLP has advised Echo Investment S.A., the Poland-based real estate investment company, on two significant loan transactions.

The Firm advised on a financing of up to €132 million from Berlin Hyp AG and ING Bank Śląski S.A. to refinance the current debt from Echo's four office projects – Malta Office Park in Poznań, Park Rozwoju in Warsaw, West Gate in Wrocław and A4 Business Park in Katowice.

White & Case also advised on a financing of up to €185 million from Landesbank Hessen-Thüringen Girozentrale to refinance the current debt of seven shopping centres belonging to Echo – Galeria Sudecka in Jelenia Góra, Galeria Venada in Łomża, Galeria Amber in Kalisz, Galeria Olimpia in Bełchatów, Outlet Park in Szczecin, Centrum Handlowe Echo in Przemyśl and Centrum Handlowe Echo in Bełchatów.

Echo Investment is one of the largest investment and development companies in Poland and has been listed on the Warsaw Stock Exchange since 1996. It invests in four main real estate sectors: housing construction, shopping centers, office construction and hotel construction.

The White & Case team in Warsaw which advised on the transaction was led by partner Tomasz Ostrowski with support from associates Sylwia Opiatowska, Michał Jadwisiak, Ilona Fedurek and Mateusz Zawistowski.

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